DAX 40 is moving towards a resistance line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If DAX 40 continues in its current trajectory, we could see it reach 24762.8034 within the next 14 hours.
DAX 40 is signaling a possible trend reversal on the intraday charts with price not breaching support.
