Tuesday’s session was a typical waiting session. According to my previous analysis German DAX finished day in red color, but declines were only -0.34%. In my opinion in a moment we should see test of support at 10100 pts (On Tuesday only 200 pts left to that level).

imageOn Wednesday we will know decision Federal Open Market Committee but as you can see at the image beside it is almost sure that interest rates will not be changed. However we must be prepared for higher volatility at DAX future.

DAX has been trying to keep above 10275 pts but it getting worse. If that level will be finally crashed indices should move to 10100 pts.


YOU CAN START TRADING ON FOREX MARKET USING FREE XM BROKER ACCOUNT.

FDAX_H4

Error, group does not exist! Check your syntax! (ID: 3)
SHARE
Previous articleUSD/JPY (H4): Reflection of a key support
Next articleTrading for beginners: EUR/JPY
Author of worldtrader.pl blog and big supporter of technical analysis. Active medium-term trader. In his analysis uses classical charts, price action as well as harmonic patterns and Elliott Waves. In trading he always tries to take into account two points of market's view, in accordance with the principle that each transaction may be attractive both for the demand and supply traders.