Dax (Eurex) (U18) Intraday: consolidation in place.
Pivot: 12110.00

Most likely scenario: short positions below 12110.00 with targets at 12039.00 & 11960.00 in extension.

Alternative scenario: above 12110.00 look for further upside with 12140.00 & 12190.00 as targets.

Comment: as long as the resistance at 12110.00 is not surpassed, the risk of the break below 12039.00 remains high. 

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