The German DE40 index has been in an upward trend for some time now. Looking at the D1 interval, the price is clearly above the 23,500 point zone, which supports the scenario assuming a further upward movement. If this scenario is correct, the target for buyers is the June highs and then the external measurement of 127.2% Fibonacci. On the other hand, if sentiment changes and the downward correction extends, the next important support should be the EMA100 average in the area of 22,775 points (blue line on the chart).
DE40 interval D1. Source: xStation5
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