Read more
11:33 AM · 26 August 2021

DE30: Selling pressure eases

The German benchmark index finds short-term support at the 61.8% Fibonacci retracement. 

D1 chart

The DE30 is able to recover somewhat from its weekly low reached in the early morning. The index had already broken through the support zone at 15,805 points in pre-market trading. However, the selling pressure should not have come as a surprise given the bearish engulfing that formed yesterday. In addition, the downward trend line, which starts at the all-time high, could not be overcome for the third time in three consecutive days.

Source: xStation5

M30 chart

The lower time frame shows that the buyers were able to defend the 61.8% Fibonacci retracement of the upward movement several times, which began with the previous week's low. This gives hope for a short-term bottom! However, to initiate a new uptrend structure, a breakout above the local high at 15,808 points would be necessary - this is where the recent downward impulse began. The attempt at the first countermovement failed.

Source: xStation5

Maximilian Wienke, CFTe
XTB Germany
 

10 February 2026, 6:47 PM

Daily summary: Weak US data drags markets down, precious metals under pressure again!

10 February 2026, 3:09 PM

US Open: Wall Street rises despite weak retail sales

10 February 2026, 1:24 PM

US2000 near record levels 🗽 What does NFIB data show?

10 February 2026, 9:36 AM

Chart of the day 🗽 US100 rebound continues as US earnings season delivers

Join over 2 000 000 XTB Group Clients from around the world
The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits