DAX30 INDEX

DAX30 Index has finally made its break-out earlier this week off the multiply tested resistance area around 10’800. The inverted bullish triangle which was formed along this 5-months consolidation period, suggests of a price target of 11’450. The 11’450 as a target area seems even more legit as it also is an intermediate resistance given by its 1-year price high. Furthermore, EURUSD faces further short-term downside and confirms my view on the DAX30 Index.

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