DAX 40 is moving towards a resistance line. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 2 days and may test it again within the next 8 hours.
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Supports and resistances are primary concepts of technical analysis. DAX 40 is heading for an important price of 23798.8008 – read about what this could mean for the future.
A strong support level has been identified at 23798.8008 on the 30 Minutes DAX 40 chart. DAX 40…