ECB main reference rate announcement moved the market rapidly. After the open Dax moved down towards the support at 12 379, we found buyers just for a really small pullback. After this pullback market dropped below this support and slow down. At 13:45 CET the madness has begun. Dax moved rapidly up and down, we found sellers at our resistance at 12 461 and we even created daily high at this level. Around 18:00 CET the market finally slowed down. Today we are opening with a small long gap.
Important zones
Resistance: 12 448
Support: 12 370, 12 339
Macroeconomic releases
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Today's session hypothesis
Today it is very difficult to form any kind of expectations. We are probably going to stay in the range of the previous day. We might respect levels from yesterday, which were created during the main reference rate announcement.
Important zones
Resistance: 12 448
Support: 12 370, 12 339
Macroeconomic releases
/
Today's session hypothesis
Today it is very difficult to form any kind of expectations. We are probably going to stay in the range of the previous day. We might respect levels from yesterday, which were created during the main reference rate announcement.
