Dax daily: 07 Oct 2019

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.

Important zones

  • Resistance:  12 124, 12 214
  • Support: 11 969, 11 845

Statistics for today

Macroeconomic releases

  • NIL

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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.

 

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