Market comment ..
Good morning Europe .. Shortly after the opening of the European markets, losses occurring in the indices. Investors go into a profit taking, maintaining a cautious stance, turning their attention to the announcements expected from the ECB to the policy of quantitative easing program a Q and inflation rates touched the target of 2% .. The EUR / USD still shows a weakness against the dollar remained in a rotation around the level of 1.0545 .
DAX futures
The DAX futures ... after the opening of markets driven by falling - 0.24% to 11.950 m .. below the pivot point of 12 024 m .. still above the Kumo cloud ichimoku, maintaining the positive scenario, despite the correction values indicated by the fast oscillator Chikou Span (green line) give a negative angle of divergence, as the oscillator fast stochastic ... aiming lower support points ..
DAX 30
At yesterday's meeting the German closed stabilizing in another rotation around the support level of Coreper 9 out of 11 945 consecutive scoring lower daily local peaks, giving a bearish signal. Following the failure that occurred on top of 12 074 m prices seeking a confirmation level mounts between the level of 12 024 m and 11,900 m before deciding to move to new higher prices.
After cleavage of the EMA support 9 is marked today the focus is on stronger support EMA 21 to 11 877 m. With tolerance to identify the three local bottom at the level of 11,850m The index fast stochastic ... has hung giving a signal output .. moving at a high price zone, while the MACD indicator seems ... .. to keep the input signal but with question marks as it tends to segmentation of the oscillator ..
Real Time Technical Analysis view EUR/USD
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