DAX40 TECHNICAL ANALYSIS SHORT TERM VIEW
Dax40 running in negative trend and its immediate strong resistance are 18530 to 18660 level . Stop loss is 18680 level and it can fall towards 18200 level positionally . Intraday purpose selling is better for targets 18550,18540 and 18520 levels respectively with stop loss 18680 level .
QUICK FUNDAMENTAL LOOK
The DAX fell 0.6% on Tuesday, driven by concerns over Chinese demand for luxury goods.
Hugo Boss issued a profit alert and cut its sales and earnings guidance due to weakening demand in China and the UK, causing its shares to drop over 7%.
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.