Dax daily: 25 Jun 2020

Dax surprised us yesterday as the price went in the opposite direction to what we expected. The price dropped below the support of 12 151 that we talk about for some time already. This level might be important today as well.

Important zones

  • Resistance: 12 151
  • Support: 11 850

Statistics for today

Macroeconomic releases

  • NIL

Can you pass our Trading Objectives to receive money for Forex trading? Try our Free Trial to get started.

Today's session hypothesis

Today's session starts below 12 151 and we are near this resistance. It is also probable that we see a sell-off towards lower price levels from there. Another support zone ahead of us is at 11 850 which could be the target for bearish traders' profit takings. If sellers aren't strong enough today, we anticipate slower activity in the range between 12 151 and 12 494.

Why to trade DAX on CFDs? Check out this article about the benefits and disadvantages of this topic.