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 ample of trading opportunity
Summary of session 12/06/2016
Calming down of the situation in Italy just because positive outcome wasn’t expected and hope that the ECB will extend the asset purchase program by minimum six months drives increases on the Frankfurt stock exchange.
The index broke last peaks in area of 10800 points and is now heading towards the peaks of last year close to 11000 points.
DAX broke out from the morning consolidation and is struggling to break the resistance level of R1 in the vicinity of 10890 points. It’s breaking will open the way to R2 in the vicinity of 10950 points.