Important decision in the short-term support area.
D1 chart
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Source: xStation5
H4 chart
The DE30 has been trying to stabilize around the 61.8% retracement of the previous rally since yesterday, which started exactly a week ago. The bulls could therefore classify the recent price decline as a strong correction. But the fact that the index is trading below the moving averages and a crossover is looming may add further skepticism to some investors.
Source: xStation5
Maximilian Wienke, CFTe
XTB Germany
