DAX Analysis

Market news

2 February 2018

DAX Analysis

DAX has shown some indecision on the last few days.

On daily time frame chart, we can see that the price is stuck in a consolidation zone.

However, at this movement it is close to the bottom of the consolidation (which is a support level).

Therefore, if the price starts to reject more downside movements we can expect a further bullish movement soon.

Industrial producer prices rose by 0.2% in the euro area (EA19) and by 0.1% in the EU28

Eurozone: Producer Price Index (YoY), December 2.2% (forecast 2.3%)

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