Fineight

DAX analysis for 8.4.2020

Short
EUREX:FDAX1!   DAX Futures
Hello traders!

So, yesterday we went through a major rezistence on FDAX1! at 10 410 EUR. I took a long, went little bit more then 1:1 RRR in my favor, but then the price started to collapse slowly. The rest of the European session was quite boring and we finally got some movement after
4 PM CET.

Since the market eventually reacts on our resistence, we are expecting some more downtrend for today. The major support will be at around 10 000 EUR.

Good trading!

FINEIGHT Team
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