The DAX-40 Index is currently fluctuating following its impact at the 3,970.0pts resistance (61.8% Fibonacci). Additionally, the MACD indicator already indicates a slowing bullish tendence (bearish divergence), in the mid-term outlook. As previously said, a break-out of the 3,970.0pts level isn’t likely today, but the market may find further support over the 3,950.0pts, 3,935.0pts and 3,905.0pts zones.
Pierre Veyret– Technical analyst, ActivTrades
Disclaimer: The opinions expressed by the authors are their own and do NOT reflect the views of LeapRate. This is not trading advice.
LeapRate first published the post Daily market commentary: Risk appetite continues to be strong, especially after German GDP estimates surpassed expectations
