DAX hit new all time highs (12.438) on Monday. Some consolidation down to support shown on the chart is possible before buyers attack the 12.500 level. The weak Euro-currency helps German exports and the country’s bond yields are at record lows. We are buyers on pullbacks to support and don’t consider shorting this market just because it has run too far too fast.
DAX-30, 5-hourly chart:
Chart from Investing.com
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Petros Steriotis, CFTe, MSTA 