DAX tipped for push higher?

Tuesday, 09/05/2017 | 08:16 GMT

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Germany’s benchmark DAX index could find further gains with resistance likely to be seen around 12746, the 50% retracement of the sell-off seen across last weekend.

USD/JPY continues to find support and a convincing break above 113.40 – the 50% retracemet of the Q1 sell off and mid-March resistance – paves the way for a jump higher. 114.60 is the next obvious target.

This article comprises the personal view and opinion of the STO Investment Research Desk and at no time should be construed as Investment Advice

STO Review

Source: https://www.stofs.com/en/newsroom/entry/TECHNICAL/dax-tipped-for-push-higher/?camp=24219

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