ANALYSIS
NQ100 Finds Support from PPIApr 14
Losses are under control in DAX40
ECB published the accounts for the Governing Council meeting dated December 15 – 16 and these accounts whowed that the Council members are not as hawkish as expected by the markets. Today, we observed a recovery in investors’ risk appetite in Eırope and DAX40 performs a strong stance. The index got reaction from Fibonacci 50.0 retracement line and it may follow 15 810 and 15 930 indicating the upper line of the minor wedge pattern. If this upper line is broken, we will focus on 16 070 resistance level. On the other side, possible falls below the trendline will change our focus to 15 565 – 15 420 support zone.
