ANALYSIS
NQ100 Finds Support from PPIApr 14
DAX40:13 600 Resistance Will Determine the Fate of Purchases
The European Central Bank (ECB) has announced that it will hold an unscheduled meeting today to discuss the recent sell-off in bond markets. German 10-year stocks eased slightly from 1.78 percent levels, while the pressure on the DAX40 eased relatively. Technically, if the index, which ended the downtrend with the weak reactions is found in the first half of the European session, can recover to 13 600 resistance, it can extend to 13 925, which is indicated by the Fibonacci 50.0 percent correction line, after 13 755. However, 13 280 – 13 125 range below can be viewed as a strong support zone.
