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DAX remains pressured after major breakdown

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 10, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Germany’s DAX index broke down late last week below a major support level at 9300. That breakdown was especially significant because the 9300 level had previously held up effectively for more than 14 months – most recently in August, September, and then three weeks ago in late January. Prior to that key support breakdown, Germany’s benchmark equity index had been falling in an increasingly bearish trend from the 11400-area highs back in the beginning of December. Last week’s breakdown below

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