Dax Analysis for May 31st, 2018

in #forex7 years ago

Dax we wrote: First resistance at 12640/650 but above here targets 12680/685 (sorry typo yesterday) & resistance at 12720/730. This should hold for most of the day but a break higher meets a selling opportunity at 12820/840.

We hovered around 12730/750 for a few hours then topped exactly in the middle of 12820/840.

Dax topped exactly at our selling opportunity at 12820/840 & we look for 12770 then support at 12730/720 for some profit taking. Below 21700 takes us to 12670/660.

Shorts at 12820/840 need stops above 12870. A break higher targets 12890/899 & probably as far as strong resistance at 12955/965.