CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

📉DE30 tests support at 13,800 pts

08:55 22 February 2021

German DAX trades almost 1.3% lower today

German DAX (DE30) drops almost 1.3% today, following a downbeat Asian session. While declines on the Chinese stock exchanges were much deeper today, DAX is one of the worst performing European indices during the first hour of the cash trading. Index dropped below the low from February 10 and trades at the lowest level since February 2. DE30 is testing support at 13,800 pts and 50-session moving average can be found slightly below it. In case DE30 finishes the day at current levels, a bearish engulfing pattern would surface on the chart. On the other hand, breaking back above the 38.2% retracement in 13,850 pts area could hint at buyers remaining in play.

DE30 trades over 1% lower today and is testing support in the 13,800 pts area. Source: xStation5

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