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Short

DAX30: Sell below 10550

FX:GER30   The DAX Index
317 1 13
Major intraday resistance- 10612 (21- HMA ).

Major Support -10520 (200- HMA )

DAX             has slightly recovered from the low of 10546 made yesterday. But its upside is capped by21- HMA and any break above 10615 will take the index to next level at 10650/10706 (Sep 22nd 2016 High).

On the lower side support is around 10520 (200- HMA ) and any break below targets 10445/10380 ( 61.8% retracement of 10182 and 10694).

It is good to sell below 10550 with SL around 10615 for the TP of 10385
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