❗ German DE30 breaks out of a trading range and reaches record highs
DE30 has been trading in a narrow, less than 150-points trading range since the beginning of the previous week. However, thanks to upbeat US data yesterday, gains can be spotted on the Old Continent today. DE30 is the outperformer, gaining 0.5% and breaking above the upper limit of the trading range at around 15,315 pts. In case positive moods prevail, the index may target a resistance zone at 15,440-15,450 pts. This area is marked with the 161.8% exterior retracement of a recent sideways move and 127.2% exterior retracement of the pandemic shock from February-March 2020.
Source: xStation5
