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DAX lags above major support

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 28, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Germany’s DAX index has been languishing not far above its recent lows after having rebounded last week off a major support area around the 9300 level. Like its global equity index counterparts, the DAX has suffered significant losses since the beginning of the year as a result of heightened volatility driven in part by turmoil in China’s financial markets. The drop in the DAX for the past couple of months has clearly been severe. From its high above 11400 in early December down to its new

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