The short-term recovery is faltering.
W1 chart
The DAX / DE30 is retreating from the weekly high (14,227 points) and slipping into negative territory for today's trading session. On Tuesday, the index had turned before the EMA21 and started a recovery - however, this seems to be losing momentum.
Source: xStation5
H4 chart
The DAX / DE30 is falling and testing an important support - the local low at 14,116 points. A break below this could indicate further losses. However, the bears also need to get past the EMA21 - the moving average would be the last hope.
Source: xStation5
Maximilian Wienke, CFTe
XTB Germany
Daily summary: CPI reading hits markets, hawkish Fed and Wall Street selloff
US OPEN: Higher CPI Inflation Cools Sentiment, Anthropic Targets $1.4 Trillion Valuation
Anthropic Debut Price. Does One Trillion Dollars Sound Reasonable?
Market Wrap: European Stocks Rise, Infineon Shares Up 5% 🔼 Wall Street Weakens Ahead of U.S. CPI