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):