FxWirePro
Long

DAX breaks minor resistance 8965, targets 9195

FX:GER30   DAX index of German listed shares
187 0 7
Minor resistance – 8966 (7 day 4H EMA)

Major support -8800

DAX             has broken minor resistance 8966 and jumped till 9058 at the time of writing . It is currently trading around 9048.

On the higher side any break above 8966 (7 day 4H EMA) will take the index till 9100/9198/9300.

Overall bearish invalidation only above 9650.

The index major support is around 8800 and below that level index will reach till 8680/8350.

It is good to buy at dips around 8950-9000 with SL around 8800 for the TP of 9180/9300
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