FxWirePro
Long

DAX: Watch out for 9300 for further weakness

FX:GER30   DAX Index
216 0 7
Major support -9300

Major resistance - 9620

DAX             has made a high of 9580 and started to decline from that level. It is currently trading around 9420.

Short term trend is slightly bullish as long as support 9300 holds.

Any break below 9300 confirms minor trend reversal, a decline till 9150/9079 is possible.

On the higher side major resistance is around 9620 and break above targets 9797.

it is good to buy at dips around 9400 with SL around 9300 for the TP of 9580/9625
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