FxWirePro
Long

DAX30 breaks major resistance at 10000, targets 10400

FX:GER30   DAX index of German listed shares
191 0 5
Major resistance – 10041 (14th Mar 2016 high)

Major support -9880

The index has broken major resistance 10041 and jumped till 10059 at the time of writing. It is currently trading around 10054.

Short term trend is bullish as long as support 9880 holds.

Any break below 9880 will drag the index down till 9760/9575.

On the higher side break above 10040 will take the index to next level till 10165/10400.

Short term bullish invalidation only below 9300.

It is good to buy around 10030-10050 with SL around 9880 for the TP of 10400
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