❗ European markets continue upward move, DE30 reaches new record high
US indices finished yesterday's trading lower but investors in Europe do not seem to be concerned. Indices from the Old Continent continue upward move today with major benchmarks from the Western Europe trading 0.6-0.9% higher. German DAX (DE30) has managed to break above the high from April 16 and reached a fresh all-time high.
Taking a look at DE30 from a technical point of view, we can see that current upward impulse was launched after a test of the 14,800 pts support area, marked with the 65-session EMA and the lower limit of the Overbalance structure. In case buyers manage to maintain bullish momentum, the next resistance to watch can be found at 127.2% retracement of recent correction (15,720 pts area).
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile app
Source: xStation5
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
