10 Mar 2015
Dax must now hold above 11,580/570 to re-target 11,604/610 – DayTradeIdeas
FXStreet (Barcelona) - Jason Sen of DayTradeIdeas, gives the technical outlook and key levels for the German Index Dax.
Key Quotes
“Dax must now hold above 11,580/570 to re-target 11,604/610.”
“Be ready to go with a break higher in the string bull trend to target 11,625/630 & perhaps as far as tricky resistance at 11,650/55, but above here can target 11,700/05.”
“First support at 11,510/505 but below here risks a slide to 11,460/450. Longs need stops below 11,410. A break lower meets a buying opportunity at 11,370/360.”
Key Quotes
“Dax must now hold above 11,580/570 to re-target 11,604/610.”
“Be ready to go with a break higher in the string bull trend to target 11,625/630 & perhaps as far as tricky resistance at 11,650/55, but above here can target 11,700/05.”
“First support at 11,510/505 but below here risks a slide to 11,460/450. Longs need stops below 11,410. A break lower meets a buying opportunity at 11,370/360.”