Two consecutive days of European stock markets traded positively. Growth indices contributed to the US regulator's decision to maintain its monetary policy unchanged, confirming expectations of most investors.
Current situation
sentiment index DAX bullish. Price continued to move higher during trading on Thursday. The index is approaching the resistance 10700. DAX moved away from the moving average on the 4-hour chart. 50 EMA and 100 EMA are directed downwards, 200-EMA continues to move upward. Resistance is located at 10700, Support - to 10520.
MACD indicator has entered the positive zone. Histogram rose, indicating the strengthening of customer positions.RSI is approaching overbought territory.
Forecast DAX
picture on the index retains the preponderance of bullish sentiment. Breakdown level of 10,700 will open the way to 10900. DAX can roll back a few back to the Asian session, and continue to rise on Friday.
Based on materials from Fort Financial Services
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