BREAKING: DE30 above 14,200 pts!

Since the beginning of today's session, we have been observing positive sentiment in the stock market, which can be explained by the fact that the US Senate passed a 1.9 trillion stimulus package. After the start of the US session, the upward movement intensified, which is also visible in other stock indices around the world. The German DAX (DE30) broke above the major resistance zone at 14,150 pts and reached new all-time high. Looking at the daily interval, from a technical point of view, if today's candle closes at the current or higher level, then another upward impulse towards the upper limit of the local ascending channel could be launched. In the long term, the key resistance is marked with the 161.8% Fibonacci retracement- 14770 pts.

DE30 interval D1. Source: xStation5

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