10:04 AM · 15 January 2021

DE30 recovers from overnight losses

DE30 is recovering this morning following an overnight decline. However, looking at a low time frame (M5), we can see the index has reached the resistance marked with the 1:1 structure. If sellers manage to halt advance in the area, an attack on daily lows may be on the cards. On the other hand, in case we see a breakout higher, the way towards the 14,000 pts would be left open.

DE30 interval M5. Source: xStation5

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