ECB rate decision and press conference today! Keep an eye out for that.
The DAX opens up with a gap lower today and trades the asian session underneath the low of yesterday. The most obvious downside target in the short-term, for futures traders, would be the exposed point of control at 11473 from the end of February. You can see it in the images.
|Point of Control :||11588||11585|
|Value Area High :||11597||11600|
|Value Area Low :||11571||11572|
|Previous High :||11656||11653|
|Previous Low :||11563||11560|
The 11091-11239 zone is the 2019 composite high volume zone.
A perhaps ‘gloomy’ outlook suggested in this chart using an action-reaction line-set. Breaking through the centre could be interesting:
Continued downside pressure on the DAX (futures) opens up a path to that exposed POC from late February (around 472):