The below is the hourly chart of the GER30 price.  The index was sold down yesterday but has since pulled back. However, price action has now broken through the aqua trendline and the green 5-hour EMA has crossed below the orange 10-hour EMA. Moreover, the RSI has also broken below its upsloping trendline. If the EMAs develop angle and separation, the DAX is likely to be moving further down. We continue to monitor.

Past performance is not an indicator of future results.

CHART SOURCE: FXCM MARKETSCOPE 2.0

DAX

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