DAX is one of the most popular indices in the world. It is listed on the Frankfurt Stock Exchange. Every day there is very high volatility which gives ample of trading opportunity
Summary session 12/14/2016
Yesterday, the Federal Reserve raised federal funds rate by 25 P.B. This decision was expected. Everyone was waiting for projections of upcoming interest rate increases. In 2017 years, the median forecasts of the FOMC members on the issue of rate increases rose to 1.375% from 1.25% in the September projections, which suggests three increases next year. The German index is unmoved by this decision. DAX index rebounded to the level of support at around 11,200 points and now is close to 11300 points. The next resistance is located at 11400 points.
DAX Intraday
Since beginning of the session, we have a large volatility. The index is trying to break resistance level R1 in the vicinity of 11300 points. If this was a success than should move in the direction of R2 close to 11360 points.
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