Dax daily: 02 Jul 2020
Yesterday's session started with the gap closure but then buyers were short of breath. Following European PMI reports, Dax sold-off below 12 151. The price reversed back as it seems there is no volume of orders on lower levels and the area around 12 151 serves as the significant S/R boundary of the current range. Dax closed the day at break-even.
Important zones
Resistance: 12 494
Support: 12 151
Statistics for today
Detailed statistics in the Statistical Application
Macroeconomic releases
14:30 CEST - US NFP, Unemployment Rate, Wages
Today's session hypothesis
Today's session started with a faster tempo, dominated by bullish traders who head up to retest yesterday's high. After yesterday's bounce off 12 151 and today's morning momentum, it seems buyers might find their strength and momentum and attempt to get away from the consolidation range, heading towards 12 494 which is now the area of our focus. Be careful as we have the NFP news release from the US as the Independence day is celebrated tomorrow and the release shifted to Thursday this time. Volatility expected.
Important zones
Resistance: 12 494
Support: 12 151
Statistics for today
Detailed statistics in the Statistical Application
Macroeconomic releases
14:30 CEST - US NFP, Unemployment Rate, Wages
Today's session hypothesis
Today's session started with a faster tempo, dominated by bullish traders who head up to retest yesterday's high. After yesterday's bounce off 12 151 and today's morning momentum, it seems buyers might find their strength and momentum and attempt to get away from the consolidation range, heading towards 12 494 which is now the area of our focus. Be careful as we have the NFP news release from the US as the Independence day is celebrated tomorrow and the release shifted to Thursday this time. Volatility expected.
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