Dax midday: support in focus

At midday, the index falls back into the short-term relevant support area around 13,550/60 points (daily high of August 1st/daily low of last Friday). If this level cannot be defended during today’s trading session, a rapid sell-off in the area around 13,410/30 points (SMA200 on the hourly chart) is imminent ahead of tomorrow afternoon’s US inflation data.

Caroline Alberta

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