Advertisement
Advertisement

DAX Selling Could Start Soon

By:
Nenad Kerkez
Updated: Jan 26, 2021, 10:28 UTC

The DAX is bullish intraday, but it is getting close to a level where we could sell it. Might soon hit the POC zone and drop towards support.

DAX

In this article:

The DAX is bullish intraday, but it is getting close to a level where we could sell it. Might soon hit the POC zone and drop towards support.

13875-13911 is the zone we use for selling. If the market makes a rejection off the zone we should see lower levels hit. 13620 and 13522 are final targets. However, the break above 13960 and the market will become bullish possibly targeting 14080 as the first target. There is enough momentum in the DAX for some good trading opportunities.

undefined

For a look at all of today’s economic events, check out our economic calendar.

Cheers and safe trading,

Nenad

 

About the Author

Nenad Kerkezcontributor

M.Ec. Nenad Kerkez aka Tarantula is Elite CurrenSeas Head trader and a valued contributor to many premium Forex and trading websites.

Did you find this article useful?

Advertisement