Contributors Technical Analysis GER 30 Looks For Support After The New High

GER 30 Looks For Support After The New High

The DAX is looking to consolidate its gains on the high ground after global markets regained optimism.

A declining RSI indicator from a previously overbought situation is good news for traders looking to join the rally. As the bull market has seemingly resumed, a momentary pullback could see strong buying interest in bidding up the index.

14390 is the immediate support but a failure to bounce would suggest a protracted retracement towards the rising trendline (14250).

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