The German benchmark index is testing the most important short-term support.
D1 chart
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Create account Try a demo Download mobile app Download mobile appThe DE30 slipped below the low at 14,117 points for a brief period on Thursday, similar to yesterday afternoon - this is where the latest upward impulse was initiated. Today's close could determine whether a change in direction is imminent or whether a new upward impulse will be launched.
Source: xStation5
H1 chart
The bulls have so far been able to prevent a downward breakout, but without a rise above the local high at 14,454 points, the short-term trend structure remains bearish. Only a sustained rise above this resistance as well as above the moving averages would indicate a reversal.
Source xStation5
Maximilian Wienke, CFTe
XTB Germany
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