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DAX - Daily

By Minipip
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DAX - Daily - rangebound prices with support below. The index looks to head higher as we head into the week.

The Dax remains rangebound, but looking to push higher on the candle formation. Support for the index sits below at the physiological 14,000. A break and close below here on the daily timeframe would signal further losses. However, until this happens, initial targets to the upside are 14,300 followed by 14,500. With Macron willing the elections, this could have a positive impact on the markets. Investors have also already priced in rate hikes and Musk buying twitter could help improve client sentiment with risk on assets. "If he's buying, why aren't I?"


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