Dax daily: 10 Jul 2019

Yesterday's session turned out to follow our hypothesis only partially. Dax started its decline towards 12 391, but buyers didn't use this level to enter the market. Following was a descend towards the second support zone in a row, laying at 12 326, yet this price wasn't reached and Dax reversed upwards. In the end, Dax closed approximately in the middle of its range. The support level of 12 391 functioned properly after a pullback at 2:30pm.

Important zones

  • Resistance: 12 500
  • Support: 12 326

Statistics for today

Macroeconomic releases

  • USA - 20:00 CEST - FOMC Meeting Minutes

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Today's session hypothesis

Today we have a very high statistical probability for closing the gap. We could also expect the resistance at 12 500 being retested and attracting sellers. Yesterday's high breakout has a probability of 64%. Another nice zone nearby is the support level at 12 326 where we might see a bullish correction. Also, we have a higher probability of 77% for closing inside yesterday's range.