Tuesday, 22 November 2011

DAX and CAC....are they in a correction or face new lows?

 DAX and CAC40 here almost same picture. Must move above green lines in order for this correction(if it is a correction) to end and resume upwards.

61,8% or 5500 DAX is support, 2800 support for CAC (2690 last stand).

My view still remains bearish for all those markets with a possibility of back testing a bit.

Eurusd inability to break 1,3422 may prove supporting for european indices.

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