20-02-2019 Dax Technical Analysis

20-02-2019 Dax Technical Analysis

The DAX has managed to pierce the 11392 high from early February, but the market is currently rejecting higher prices. ECB’s Praet has hinted that rates will remain unchanged throughout the summer. If this turns out to be true, then bullish conditions could remain favourable for a little longer. Today you should watch out for some of the earnings releases and also the FOMC minutes late this evening.

Dax Key Levels

DAX KEY LEVELS
  CFD
POC :  11292.5
VAH :  11312.5
VAL :  11265.5
VWAP :  11297.5
R2 :  11444.3
S2 :  11178.9
Pivot :  11311.6
High : 11375.3
Low : 11242.5