DAX Bullish as long as the 1D MA50 holds.

DAX (DE40) has been trading within a 1-month Channel Up and tested today its 1D MA50 (red trend-line) for the 3rd time in the last 6 days.

As long as this holds, we expect a rebound targeting at least the bottom of the Resistance Zone at 24530. A break (and 1D candle close) below the 1D MA50 however, targets at least the top of the Support Zone at 23480.

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