Market comment ..
Good morning Europe .. stabilizing opening is expected for European markets, investors keep waiting attitude, and the main stock market indices despite selloff gains made in recent days but have a good four months. Characteristic of a positive climate is the economic stabilization observed in the Euro countries with the President of the ECB Mario Draghi stating .. < The economy is now recovering at a moderate, but steady, pace. Employment has grown by more than four million since its trough in 2013. And the recovery has become more broad-based, with less difference in economic performance across countries. - But despite the uplift to prices provided by the gradual closing of the output gap, a sustained adjustment in the path of inflation still relies on the continuation of the current, unprecedented financing conditions. It is for this reason that we remain committed to preserving the very substantial degree of monetary accommodation, which is necessary to secure a sustained convergence of inflation towards level below, but close to, 2% over the medium-term. > .. ECB
DAX 30
The DAX futures of ... shortly before the opening of markets are moving with marginal gains of 0.12% to 10.691 m .. above the support of EMA .. still above the Kumo cloud ichimoku maintaining short-term upward trend ...
DAX futures
The German index failed to hold above the strong resistance of 10.752 m .. mainly due to the realization of profits observe these price levels, characteristic of creating three previous local peaks. The fast stochastic indicator ... now moving into hyper purchased price zone, with increased possible to give temporary corrective action. The MACD indicator ... retains the input signal .. moving sideways upward movement .. The nearest support level for the German index initially detected at the level of EMA 9 out of 10 648 m .. of the EMA 21 to 10 608 m .. and strong support at 10 580 m.
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