Aurum Markets Blog Technical Analysis DAX 40 – getting close to psychological price line

DAX 40 – getting close to psychological price line

DAX 40 – getting close to psychological price line post thumbnail image

The price of DAX 40 in heading back to the support area. It is possible that it will struggle to break through it and move back in the other direction. The price may eventually break through, but typically the price retreats from the level a number of times before doing so.

Supported by Downward sloping Moving Average

Target: 22338.3008 Entry: 22755.6 Stop: 22929.285

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