FTMO

Dax daily: 18 Jun 2020

EUREX:FDAX1!   DAX Futures
We were unsure about the price development yesterday as no hints were present. We clearly defined the range of 12 151 - 12 494 and the price stayed there all day long. The session was a slow one with the range being relatively narrow. Dax was moving sideways just to close the day near break even. Our zones remain unchanged.

Important zones

Resistance: 12 494
Support: 12 151

Statistics for today

Detailed statistics in the Statistical Application

Macroeconomic releases

09:30 CEST - SNB Policy Rate + Statement

Today's session hypothesis

Dax opens the day with a small descending gap. We anticipate the retest of yesterday's close and trading in the defined range. The nearest S/R zones will play a major role and the price action around either of these will be a decisive factor for further price estimation. The breakout will be a major focus for us. We have a day filled with macroeconomic events so stay alert.

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