Dax stuck in a range as we hold 6890/85 support and 7014/7019 resistance. Back below 6989/85 sees 6961 with 6926/22 support on the downside. A break below here then signals a test of 6911/08 with failure here to see a retest of 6890/85 before recent lows at 6870. A break of 6864 today targets 6847 on the way to 6826.
7014/7019 remains tough resistance. However if we do see prices through 7024 look for 7047/52 next. If we continue higher look for 7103/08 and the potential for a double top here. However a break higher through 7124 could then target 7167, possibly 7196 for selling in to shorts.
Updated levels and trade ideas throughout the day on Bloomberg. email@example.com for details.