The German benchmark index is trading over 0.60% higher on Thursday after bouncing off the 50-day moving average.
D1 chart
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Source: xStation 5
M30 chart
Since this morning, the buyers have also regained the advantage on the M30 chart, as the following resistances were overcome after yesterday's bounce off the 38.2% Fibonacci retracement: 200 EMA, medium-term downtrend line and resistance zone at 15,560 points. Setbacks should therefore be seen as potential entry opportunities for the time being.
Source: xStation 5
Maximilian Wienke, CFTe
XTB Germany
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