Dax daily: 25 Mar 2020

Dax recorded the first purely positive day after monthly sell-off. Buyers entered the market right after the morning gap and continued in the gap direction without any pullback. The bullish momentum was constant.

Important zones

  • Resistance: 10 270
  • Support: 9 469

Statistics for today

Macroeconomic releases

  • 10:00 CET - German Final Ifo Business Climate

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Today's session hypothesis

Dax opens with another ascending gap and the price took off in the same direction. Buyers are relatively active in the early trading session and the first target in view lays up in the form of 10 270 resistance. Market participants also view the magic round level of 10 000 which is likely to serve as an important zone for further price action development.

 

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