DAX

Dax (Eurex) (U18) Intraday: rebound expected.
Pivot: 11940.00

Most likely scenario: long positions above 11940.00 with targets at 12042.00 & 12130.00 in extension.

Alternative scenario: below 11940.00 look for further downside with 11859.00 & 11770.00 as targets.

Comment: the RSI broke above a declining trend line.

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