Yesterday's session was marked by the FOMC release. Dax first fulfilled our two statistics for the day and we were awaiting the Fed fund release at 8pm, along with the press conference half an hour later. The volatility was increased but not extreme as we often see during the FOMC. Today we open with a relatively big descending gap.

Important zones

Resistance: 12 448
Support: 12 332, trend line

Statistics for today

Detailed statistics in the Statistical Application
The statistical probability of breaking yesterday's high is 83%

Macroeconomic releases

A series of multiple European releases - worth observing the macro-calendar

Today's session hypothesis

Dax is currently in the consolidation area from Monday and Tuesday. Quite possible, we might see a slower price development unless Dax decides to take a course right at the beginning of the session. We have a high statistical probability of breaking yesterday's high, which is now relatively far away so the RRR plays in our favour. We could see buyers stepping in around the drawn trend line . Should the price drop below yesterday's low then the hypothesis of breaking higher becomes invalid as the breakout of both bands is least probable. - funding for serious traders
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