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DAX Intraday technical analysis

Dax hovered just above 7653/46 support as we start to look over sold in the short term. We could hope for a bounce to 7715 with continued strength to target 7749/59. We may top out
here today so we could take profit on any longs & try shorts with stops above 7775. We then look for a test of 7794 & possibly 7815/25 but it looks unlikely we can push any higher today at least.
7653/46 remains good support today & we could see a bounce again from here but longs need a stop below 7630 as a break risks further losses towards 7575/65. We could see a low to the correction here so be ready for buyers to appear but longs need a wide stop below 7535.

Jason Sen
Daily Technical forecasts US, Europe & Asia
Equity Index, Commodities, Forex & Fixed Income
daytradeideas.com
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