Condition of DAX bulls is much weaker than we could wish. Closeness of really strong resistance at 10,500 pts and lack of confidence are really bad factors. Bulls had opportunity to counterattack after failed test of resistance at 1.1400 and rebound on EURUSD what finished with breaking 1.1330 support. It didn’t helped DAX and in pair with small decreases on S&P500 -0.17% German index just fell down like o stone in the river (-1.25%) and ended below support at 10,100 pts.
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If these moves will be continued bears will manage to break 10,030 pts support and then attack stronger one at 9,910 pts. If gains will be back next resistances are at 10,100 pts and 10,275 pts. Both scenarios are probable today.
