1:07 PM · 25 May 2020

DAX breaks above April's highs

The German index is now gaining over 2%, and managed to break above the 30 April high at 11,332.3 pts as the German government is reportedly nearing a €9 billion bailout of Lufthansa.

Today risk-on moods are visible on the equities markets however major currencies aren't really showing much enthusiasm throughout the session so far.

DAX (DE30) - buyers managed to push the price above key resistance level at 11 332.3 pts. Should upbeat moods prevail, resistance at 11 429.5 pts may come into play. At this level the early March price gap is located. Source: xStation5

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