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DAX30: Sell below trend line break out

FX:GER30   The DAX Index
257 1 9
Major support – 10060 (Hourly Kijun-Sen , trend line joining 9363 and 9924)

Major resistance- 10200 ( trend line joining 10487 and 10374)

The index has once again retreated after making a high of 10197. It is currently trading around 101063.

Short term trend is weak as long as resistance 10200 holds.

Any indicative break above 10200 will take the pair till 10374/10487.

On the lower side, support is at 10060 and any violation below will drag the index down till 9925/9820 (200 HMA ).

It is good to sell below 10060 with SL around 10200 for the TP of 9925/9825

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