Implications and Outlook
1. The DAX Index trading already moderately positive during a summer session, however, took flight as soon as Euro-Dollar turned. Away from state policies, this week we do have a lot of happenings which could very quickly change market trends coming from the United Kingdom economic data stats to Trump's visit on Friday.
2. The short to intermediate-term bearish implications commencing since June 15 has bottomed on June 27 with Index Dip 12155 and creation of Key Support 12177, while climbing steadily to higher ever since.
3. The crossover of the Mean Resistance 12575 and tapping at inner Index Rally of 12660 will undoubtedly bring serious of the short-term bearish implications, having downside targets to Mean Support 12425
4. Current Index Strategy Bias: Bearish 60 / Bullish 40
1. The DAX Index trading already moderately positive during a summer session, however, took flight as soon as Euro-Dollar turned. Away from state policies, this week we do have a lot of happenings which could very quickly change market trends coming from the United Kingdom economic data stats to Trump's visit on Friday.
2. The short to intermediate-term bearish implications commencing since June 15 has bottomed on June 27 with Index Dip 12155 and creation of Key Support 12177, while climbing steadily to higher ever since.
3. The crossover of the Mean Resistance 12575 and tapping at inner Index Rally of 12660 will undoubtedly bring serious of the short-term bearish implications, having downside targets to Mean Support 12425
4. Current Index Strategy Bias: Bearish 60 / Bullish 40