Aurum Markets Blog Technical Analysis DAX 40 approaching resistance level

DAX 40 approaching resistance level

DAX 40 approaching resistance level post thumbnail image

DAX 40 is heading towards 22702.6992 and could reach this point within the next 2 days. It has tested this line numerous times in the past, and this time could be no different, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.

Supported by Upward sloping Moving Average

Target: 22702.6992 Entry: 21181.7 Stop: 20345.384

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