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DAX slide threatens recent uptrend

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 24, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Germany’s DAX index dropped along with other European and US equity indices on Thursday as commodities continued to show persistent weakness and the specter of a more hawkish Fed weighed on global stock markets. The DAX closed down nearly 2% on Thursday, exceeding losses suffered by its UK counterpart, the FTSE index. For the past month-and-a-half, the DAX has been well-entrenched in a strong bullish rebound and recovery from February’s long-term lows around 8700. During the course of this

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