DAX is one of the most popular indices in the world. It is listed on the Frankfurt Stock Exchange. Every day there is very high volatility which gives a lot of trading opportunity
Summary of session 11/04/2016
On Friday we read data from the US labor market. The data were mixed. In October came fewer jobs but grew hourly wage in the non-farm sector. Initially, the EUR / USD began to fall, but ended the day in positive territory. In turn, the Frankfurt trading floor witnessed strong declines. Market fears about election results, which tomorrow will be held in the United States.
DAX broke through the support level at around 10,300 points. and stopped only near the next support level of 10200 points. Today, the index opened with an upward gap , although further gains may be hard.
DAX Intraday
Let’s see the situation on the intraday chart M15. DAX after reaching the resistance at around 10400 points turned south and is now heading toward 10360 points.
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