TECHNICAL ANALYSIS BY NSFX 06.03.2016
The index rose above its 55EMA and made a breakout as well of its short term supply line. It may test the 50% and 61.8% Fibonacci retracement of the bearish wave that was generated last December that ended at the beginning of Febrauary. Above those 2 static resistances, in area 10,065 and 10,385 respectively, the DAX may test the psychological level 11,000. In case a retracement will occur below 9,860 the index may test 9,351 and then its 2016 low in area 8,702.