DAX40 TECHNICAL ANALYSIS SHORT TERM VIEW
DAX40 running in negative trend and its immediate strong resistance are 19572 to 19612 level . Stop loss is 19675 level and it can fall below 19475 levels in short term because of irregular corrections at that level on 5 minute chart .Intraday purpose selling is better for targets 19500,19475 and 19450 levels respectively with stop loss 19675 level .
QUICK FUNDAMENTAL LOOK
The DAX soared 1% to trade at a fresh record level of 19600 on Thursday, tracking a general positive mood in Europe, as traders focus on fresh corporate results while the ECB lowered borrowing costs by 25bps as expected.
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account .