Market Analysis of DAX40 on Friday 24 May 2024

2024-05-24 18:17Fonte:BtcDana

DAX40 TECHNICAL ANALYSIS SHORT TERM VIEW     

 DAX 40 running in positive trend and its immediate strong support are 18490 to 18643 level .  Stop loss is 18450 level and it can rise above 18922 level minimum or higher levels towards 19300 .Intraday purpose buying is better for targets 18635,18650 and 18680  levels respectively with stop loss 17450 level. 

 QUICK FUNDAMENTAL LOOK                                                                     

European stocks lost ground on Friday, putting them on course for weekly declines, as signs of persistent U.S. price pressures and a recovering euro zone economy dashed hopes of several interest rate cuts from major central banks this year.

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

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