Market Analysis of DAX40 on Friday 31 May 2024

2024-05-31 17:51Source:BtcDana

DAX40 TECHNICAL ANALYSIS SHORT TERM VIEW     

  DAX 40 running in negative trend and its immediate strong resistance are 18495 to 18562 level .  Stop loss is 18580 level and it can fall towards 17865 level minimum or lower levels  .Intraday purpose selling is better for targets 18455,18440 and 18420  levels respectively with stop loss 18580 level. 

 QUICK FUNDAMENTAL LOOK                                                                     

European shares struggled for direction on Friday ahead of the May inflation reading for the euro zone and an April reading for the United States that will decide the scale and timing of interest rate cuts globally.

POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.

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