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Short

DAX breaks major trend line support 10630, targets 10000

FX:GER30   DAX index of German listed shares
317 0 3
Germany DAX index             has broken the major support of 10612 (trend line joining 9301 and 9392 and 55 day W EMA) and declined till 10442 from that level. It has closed around 10515.

Break below 10600 confirms minor trend reversal a decline till 10370/10000 cannot be ruled out .

On the higher side major resistance is around 10800 (200 day 4 H MA) and break above confirms minor trend reversal a jump till 11000/11200 is possible.

It is good to sell on rallies around 10600-650 with SL around 10800 for the TP of 10610/10380.
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