DAX slipped on bearish trend line and because of external situation rebounded from resistance at 10,100 pts. EURUSD wasn’t helping, it was gaining all session and S&P500 – correlated with DAX – lost 0.96%.
After boring Wednesday, Thursday will be totally different. We all wait for UK decision about interest rates and BoE conference. There will be also publication of US initial jobless claims.
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Evening star pattern showed up on DAX, it is created by 3 last daily candles. Open question is whether bearish wave will start on DAX. It will depend on S&P500 behaviour. Bulls should be stronger because of smaller interest rates hike odds in the US. I think DAX will come back to gains in the next few sessions.
