Dax daily: 10 Oct 2019

Yesterday's session was another occasion where Dax just ignored our analysis. We expected a short move below Monday's low and the entry of buyers around the drawn trend line. Instead of that, buyers were very active right from the beginning of the session.

Important zones

  • Resistance:  12 214, 12 380
  • Support: trend line, 12 008

Statistics for today

Macroeconomic releases

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Today's session hypothesis

The ideal scenario for today's intra-day trading is the initial selling push towards 12 008 which is a good zone for a retracement. Following we could estimate another push higher towards the weaker resistance at 12 214. Keep an eye out for the fundamental releases scheduled for today, especially from the UK & the US later in the session.

 

 

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