Monday: I expect DAX to move gradually towards 360-400 region and then small margin retracement. Furthermore, low volume will be the driving force but expect short term bullish. RSI is closed to oversold and trend reversal is expected (meaning long) evident by the indicators in the idea. Will be aiming to but once ...
We could be heading to 10800 or 10560.
Pro 10800: RSI 57 at 1 hr frame. Hasnt broken the trendline at 10678. EMA upwards.
Pro 10560: Stochastic RSI very high. Trend downwards but resilient at 10670s.
Key catalyst for an upward or downward could be the inductrial order. Last month it moved to contractory ...
Key fundamental analysis throughout the whole week. Rebound in service PMI ? Service sector conists of UK 70% of GDP so could be big mover if beat the forecast.
This is my first chart analysis. So be cautious!!!