DAX Index: On verge of breakout move to upside, waiting on FOMC
The Dax index is looking very positive whilst it holds up above critical support at 12400-12370. Waiting on FOMC meeting to end, this index is expecting the news to be positive. There's over 1000 points upside if the news from FOMC is received as well as the pattern on this chart suggests it will be. Only if it breaks below 12370 on bad news will this index present a shorting opportunity from here.
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