DAX 30 Is Expected to Rise From Current Levels 4h


 DAX 30 has managed to recuperate some of yesterday’s losses. Given that we are still trading above the 10,770 support level, the DAX index may bounce back to the 11k mark.

However, if the DAX 30 breaks below 10,770, the index may breach the November 2 low of 10,730, a stronger and more important support level. In the case that we breach this level, we may see a steeper pullback taking the DAX 30 to 10,472 which is a 50% correction of the 9884 – 11,057 rally.