The last session of the past week started by a decline towards the levels caused by NFP. Later on, buyers stepped in and controlled Friday's Price Action till the close at the intraday high. Today, Dax opens with a descending gap.
- Resistance: 12 124, 12 214
- Support: 11 969, 11 845
Statistics for today
- Detailed statistics in the Statistical Application
- The statistical probability of breaking Friday's high is 90%
Today's session hypothesis
For today, we have a high statistical probability for breaking Friday's high so we'll look for buying opportunities at around 11 969. As soon as the price breaks Friday's high, the path is clear all the way towards 12 124 where the correction is most likely.