Trading within a Corrective Channel formation. Bespoke resistance is located at 12300. There is scope for mild buying at the open but gains should be limited. Broken out of the Head and Shoulders formation to the downside. Preferred trade is to sell into rallies. Expect trading to remain mixed and volatile.
Stop: 12465 Target 1: 12240 Target 2: 12135
Updates The move to 12405 triggered our short trade Updated: 2019-07-23 08:24:29
Comment
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Our read is a little off in DAX. Continued EUR weakness continues to be bullish for equities.