DAX 40 has broken through a line of 23503.6992 and suggests a possible movement to 23324.1992 within the next 16 hours. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 6 days.
Supported by Downward sloping Moving Average
Target: 23324.1992 Entry: 23462.2 Stop: 23639.009
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