Summary session 10/25/2016
We have behind us a very good start of the week on the German DAX index. Yesterday’s good readings of PMI in Europe helped in the growth. The index broke the resistance level of 10750 points and is now heading toward 10850 points. Today after yesterday’s rally continues downward correction.
DAX Intraday
Let’s see the situation on the intraday chart M15. The index rebounded from the level of support 10775 pts, slightly below is located pivot point and is now trying to break the resistance level of 10800 points. If the index manage to break thru it should head for the resistance R1 at 10830 points.
Key data for DAX
- 10:00 – IFO index
- 17:30 – Speech by ECB chief public (Mario Draghi)
