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
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