DAX had a big session and looks set to continue the squeeze on sellers

Time Frame : Hourly

DAX30 Index

The DAX30 had a big session overnight as price broke the downtrend and squeezed recent sellers out from the start to the end of the session. We like the action for continuation higher as long as price can hold above the minor anchor at 12482 (on the CFD and Index). If the bulls can build into todays open on prospects of rate cuts, we expect a spike into resistance around 12639. Watching for a higher low to build and hold above 12482 to provide the launching pad for the buyers.

Index : DAX30

Current Price : 12538

Status : On watch for further buying pressure

DAX CFD

DAX Index