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26.03.2017 10:45 PM
Daily analysis of DAX for March 27, 2017

DAX is riding a strong bullish bias in an overall view, as the index had consolidated its price action above the 200 SMA at H1 chart. Currently, the pivot point of 11984 is providing a nice support in the short-term and it could help to strengthen further bullish moves in order to reach the resistance zone of 12210, which is our next target to the upside.

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Trading recommendations for today: Based on the H1 chart, place buy (long) orders only if the DAX breaks a bullish candlestick; the resistance level is at 12072, take profit is at 12122, and stop loss is at 12022.

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