The German DAX index was dragged lower by negative sentiment
and crashed 2.5% on Thursday, with the price dropping to new cycle lows, which
may be considered as a confirmation of the long-term bearish trend and trading
at around 10,900 EUR ahead of the US session.
The current decline is very steep, but according to the RSI
indicator, the index still hasn’t reached oversold conditions. However, there
is a bullish divergence between the RSI indicator and the price and if sentiment
improves, we could see some higher prices over the next days.
On the downside, the next major support could be located
near 10,800 EUR, where the highs of summer 2016 are located. If this level is
taken out as well, the index could decline toward 10,500 EUR pretty quickly.
Bears will be defending previous lows of 11,050 EUR and if
this resistance doesn’t hold, further rise toward the downtrend line slightly
above 11,200 EUR could occur.
US bonds and JPY crosses remain down on the day, which
supports the bearish bias for the rest of day.

Disclaimer:
Analysis
and opinions provided herein are intended solely for informational and
educational purposes and don't represent a recommendation or an investment
advice by TeleTrade. Indiscriminate reliance on illustrative or informational
materials may lead to losses.
© 2000-2026. Sva prava zaštićena.
Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.
Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.
Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.