June 11, 2021 at 04:05PM
• DAX reversed from key support level 15500.00
• Likely to rise to resistance level 15750.00
DAX index recently reversed up from the key support level 15500.00 (former strong resistance from April – which has been reversing the price from the end of May).
The upward reversal from the support level 15500.00 stopped the previous short-term corrective wave (ii) from the start of June.
Given the strong daily uptrend – DAX index can then be expected to rise further toward the next resistance level 15750.00.
From: The FxPro News Team https://fxpro.news/technical-analysis/dax-wave-analysis-11-june-2021-20210611/
Selected by fonecable.com
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