We were unsure about the price development yesterday as no hints were present. We clearly defined the range of 12 151 - 12 494 and the price stayed there all day long. The session was a slow one with the range being relatively narrow. Dax was moving sideways just to close the day near break even. Our zones remain unchanged.
Important zones
Resistance: 12 494 Support: 12 151
Statistics for today
Detailed statistics in the Statistical Application
Macroeconomic releases
09:30 CEST - SNB Policy Rate + Statement
Today's session hypothesis
Dax opens the day with a small descending gap. We anticipate the retest of yesterday's close and trading in the defined range. The nearest S/R zones will play a major role and the price action around either of these will be a decisive factor for further price estimation. The breakout will be a major focus for us. We have a day filled with macroeconomic events so stay alert.