Hi Traders,
for the German Index DAX we clearly see a very important zone: 15.450
There are 2 possible Scenarios.
Scenario 1: He market accepts the support zone and we see a reversal. Then we can trade a pullback to 16.000.
Scenario 2: The Support will break. Then we expect sharp movement to 15.000 - following a pullback to the former support (which will then become resistance).
Next bigger support is for this case at 14.500
Right now the decision is open and we should also cleary watch the FED interest rate decision and conference tomorrow as German market often follows US indicies.
Wish you all great trades!
Team tegasFX
for the German Index DAX we clearly see a very important zone: 15.450
There are 2 possible Scenarios.
Scenario 1: He market accepts the support zone and we see a reversal. Then we can trade a pullback to 16.000.
Scenario 2: The Support will break. Then we expect sharp movement to 15.000 - following a pullback to the former support (which will then become resistance).
Next bigger support is for this case at 14.500
Right now the decision is open and we should also cleary watch the FED interest rate decision and conference tomorrow as German market often follows US indicies.
Wish you all great trades!
Team tegasFX
📈True ECN STP Broker
🌐 www.tegasfx.com/
🌐 www.tegasfx.com/