DAX is one of the most popular indices in the world. It is listed on the Frankfurt Stock Exchange. Virtually every day there is very high volatility which gives ample of trading opportunity
Summary session 12/19/2016
Yesterday there was another attack in Europe, this time in Germany. The terrorist attempt had no impact on the German index.
At night we had meeting of the Bank of Japan which changed nothing in its monetary policy. The meeting passed unnoticed.
DAX Index yesterday remained above the level of support at around 11,400 points. Today in the morning we observe poor volatility, which can hold until the end of the week.
DAX Intraday
The index is trying to break resistance R1 in the vicinity of 11425 points and if it succeeds index should move in direction of R2, near 11450 points.
