DAX INDEX

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Dax closed friday 22nd sept at 12590. Elections in progress.

Forecast: sideways 12800/12300 area, higher volatility.

Prices will move irregularly to reach:

12770  (sell)

12440    12410/12310 area (possibility to  drop to 12220/12020-11920)

Weekly support: 12100, main support: 11900

 

Further details, information, operative strategies available on request.

EURO/USD: what’s next

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Targets: 1.2030, further at  1.2220 area. Retracements down to 1.1770/1.1740 and 1.1470/1.1370. Weekly support: 1.13 Long positions will be closed on targets: 1.2030 (for 3/4) then 1.2220 Short: half position at 1.2030, adding further half position at 1.2220 stop above 1.2330 weekly close; profits on targets: 1.1930, 1.1770/1.1740 (then trailing stop)     Pls note…