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Long

DAX30: Buy above break out (10200)

FX:GER30   DAX index of German listed shares
211 0 10
Major support – 10100 (trend line joining 9911 and 10116).

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

The index has once again recovered after making a low of 10070.It is currently trading around 10148.

Short term bullishness can be seen only above 10200.

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

On the lower side, support is at 10100 and any violation below will drag the index down till 10000/9925/9867 (200 HMA).

It is good to buy above 10200 with SL around 10100 for the TP of 10370/10487.
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