🔼 European indices recover after yesterday's sell-off
Blue-chips indices from Europe had a rough start to the week. A strong sell-off occurred on Monday and pushed DAX 1.6% lower. However, risk-on moods returned on Tuesday with major indices recovering from losses. German DAX is the best performing European index today. It is trading 1.4% higher and has managed to climb back above 13,800 pts. Other indices from the Western Europe trade 0.5-1% higher.
DE30 trades 1.4% higher today and has managed to break above the resistance zone ranging between 38.2% retracement and 13,800 pts mark. Next resistance to watch can be found above 61.8% retracement (13,930 pts area). Source: xStation5
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile appThis content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
