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.
Key Levels
DAX CFD | FDAX | |
Point of Control : | 11588 | 11585 |
Value Area High : | 11597 | 11600 |
Value Area Low : | 11571 | 11572 |
VWAP : | 11592 | 11592 |
R2 : | 11689 | 11688 |
S2 : | 11503 | 11502 |
Pivot : | 11596 | 11595 |
Previous High : | 11656 | 11653 |
Previous Low : | 11563 | 11560 |
Dax Charts
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):