DE30 reaches highest level since June

The German benchmark index continues its rally.

D1 chart

The DE30 broke through the August high shortly after the US inflation data for October, which was released at 14:30. Today's daily gain currently stands at over 3%. If the breakout is sustainable, this could end the long-term downtrend.

Source: xStation5

H1 chart

The short-term uptrend was once again confirmed by a higher high. This trend remains intact as long as the support at 13,574 points is not broken. The distance is big, but this also means that corrective movements could be stronger in the future.

Source: xStation5

Maximilian Wienke, CFTe
XTB Germany