On Thursday there wasn’t a windows dressing effect and what is more European indexes finished day on red color. On Wall Street volatility was poor S&P500 -0.2%, NASDAQ +0.01% but in Europe bears showed their claws. British FTSE100 -0.46%, French CAC40 -1.34%, German DAX -0.81%. 26 out of 30 DAX companies lost some value, the most E.ON -2.69%, Deutsche Post -2.3%. Major cause was appreciation of the EURUSD (level 1.1400 was tested).
Most important event on Friday will be US Non-farm payrolls. This data at each month causes volatility at the market.
At the chart 10000 pts level was broken and price returned below it. At the beginning of Friday’s session on DAX Future index is testing lower limit of bullish regression channel in 9850 pts area. Nearest supports: 9770 pts, 9680 pts, 9600 pts. Nearest resistances: 9850 pts, 9910 pts, 10000 pts.
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