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DAX 30 Index Daily Technical Analysis | 27 July 2017

The German DAX 30 index, as shown on the hourly chart of the hourly chart, is targeting the next level if it can close the highest resistance at 12346.1.   The above resistance represents the 38.6% Fibonacci level, which if the closing price above raises the possibility of targeting the 50% Fibonacci level at 12409.6 resistance. If the price of the index drops below 12161.1 support, it is a sign…

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