Chat with us, powered by LiveChatDAX Correction Amid Cautious Market Sentiment

DAX Correction Amid Cautious Market Sentiment

DAX Correction Amid Cautious Market Sentiment

DAX Correction Amid Cautious Market Sentiment

Reflecting trends in US indices, the DAX is currently experiencing a correction as overall market sentiment becomes more cautious. Lower-than-expected inflation figures have increased confidence in the likelihood of a rate cut by the ECB. The 50-day moving average, represented by the blue line, could serve as the next potential support level.

Resistance 3

Resistance 2

Resistance 1

Support 1

Support 2

Support 3

18700

18440

18000

17600

17500

17300

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