The large ‘double-top’ for the DAX remains in place, but key long-term Fibonacci supports are holding, as analysts at Credit Suisse note. Key quotes “We expect the ‘neckline’ to the top at 10279 to ideally cap strength and for further weakness over the next 1-3 months, with important support at 8689/8256, the 2020 low, February 2016 low and 50% retracement of the 2009/2020 uptrend.” “A clear and closing break above 10279/390 would negate the top to suggest a sustainable low may well be in place, which is not our base case for now.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/JPY: S/T In Place; Looks To Test 110.40 N-Term – UOB Kenny Fisher 2 years The large ‘double-top’ for the DAX remains in place, but key long-term Fibonacci supports are holding, as analysts at Credit Suisse note. Key quotes “We expect the ‘neckline’ to the top at 10279 to ideally cap strength and for further weakness over the next 1-3 months, with important support at 8689/8256, the 2020 low, February 2016 low and 50% retracement of the 2009/2020 uptrend.” “A clear and closing break above 10279/390 would negate the top to suggest a sustainable low may well be in place, which is not our base case for now.” Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
