DAX is in a price action confluence zone around 15500 support
European stocks fell on Friday as concerns about monetary tightening and slowing global growth prevented investors from making any significant purchases and encouraged them to lighten their positions.
Investors digested the most recent round of economic data from Europe and the United States in addition to determining the likely interest rate trajectory of central banks.
The DAX in Germany finished lower by 0.65% in a price action confluence zone around 15500 support.
We have 2 other support here: the trendline and the 200-day simple moving average.
Everything is set for a bullish bounce.
Investors digested the most recent round of economic data from Europe and the United States in addition to determining the likely interest rate trajectory of central banks.
The DAX in Germany finished lower by 0.65% in a price action confluence zone around 15500 support.
We have 2 other support here: the trendline and the 200-day simple moving average.
Everything is set for a bullish bounce.
Price action, simple and clean!
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