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DAX: Intraday trade idea

FX:GER30   DAX index of German listed shares
254 0 6
Major support – 10030 ( trend line joining 10012 and 9899)

The index has jumped till 10165 and slightly declined from that level. It is currently trading around 10040.

The intraday trend is slightly weak as long as resistance 10200 ( trend line joining 10112 and 10165) holds.

On the lower side, any break below 10000 will drag the index down till 9900/9750 (200 HMA ).

Technically any break above 10200 will take the index to next level around 10340/10487. DAX             should close above 10500 for further bullishness.

It is good to sell on rallies around 10040-10060 with SL around 10200 for the TP of 9900/9750
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