The German benchmark index rallies ahead of US inflation data.
D1 chart
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Create account Try a demo Download mobile app Download mobile appThe DE30 is defending Monday's daily low for the third time this week. Whether today's bounce is sustainable could become clear after the US consumer price data, which will be released at 14:30. The bulls continue to work against the trend, so further losses are to be expected. On the other hand, a return above the key zone marked in red could provide some relief.
Source: xStation5
H4 chart
The DE30 is moving sideways after stopping the decline at the 61.8% retracement of the previous upward impulse. However, it will only become bullish when the local resistance at 12,515 points is broken. Until then, the bears retain their advantage even in the short-term picture. The publication of the inflation report could provide a directional impulse and determine the price trend in the next few days.
Source: xStation5
Maximilian Wienke, CFTe
XTB Germany
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