Dax daily: 27 Mar 2020

Yesterday's price opened near the previous day low. It could have been expected that zone to be broken but we've had a support level of 9 469 halting the efforts. Dax approached this level short of a few dozens of points before the price reversed to the upside again. The session was positive until the close. Dax has fully stabilized itself during this week so far.

Important zones

  • Resistance: 10 270
  • Support: 9 469

Statistics for today

Macroeconomic releases

  • NIL

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Today's session hypothesis

We have no interesting macro-economic news scheduled for the day. Yesterday's massive jobless claims in the  US had no effect on Dax which is surprising as normally breaking macro-headlines from across the pond cause waves in Europe too. Dax opened the Friday with a descending gap and is heading to yesterday's fair value of 9 640. Our S/R zones remain unchanged - the resistance of 10 270 above and the support of 9 469 below. Being Friday, it is highly likely the price will remain within yesterday's range.

 

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