DAX Corrects as ECB Rate Cut Speculation Grows
Mirroring trends in US indices, the DAX is currently undergoing a correction as market sentiment grows more cautious. Weaker-than-expected inflation figures have bolstered confidence in a potential rate cut by the ECB. The 50-day moving average, indicated by the blue line, may act as the next potential support level.
Resistance 3 |
Resistance 2 |
Resistance 1 |
Support 1 |
Support 2 |
Support 3 |
18700 |
18440 |
18000 |
17600 |
17500 |
17300 |