A lot has happened during Wednesday’s session. First we saw worse than forecast data from Australia which provoked huge volatility on AUD currency. Second there were bad data from Apple, which caused that the price of stock fell more than 6% and that impacted to session begins on Wall Street. And finally third it was the FOMC decision about interest rates. As we expected there wasn’t any shifts in financial policy, FOMC in announcement kept the open door to rates hike on July’s meeting.

DAX futures without any changes. Price should move between 10100 pts – 10500 pts. With test of that first mentioned level soon.

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FDAX_H4

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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.