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DAX lifts above 18,350 as another test of technical level looms closer

The DAX is on the rebound again right now. The index has just lifted to a fresh session high above 18,350 and the move higher comes as the dollar slips ahead of any potential 10am GMT fix. The USD/JPY is now testing session lows at 160.65 and the EUR/USD is edging back above 1.0700. The noted 50 day moving average sure capped the topside for the DAX yesterday, and it is not under threat just yet, but worth keeping an eye on all the same, if you are involved or interested in this one. Actually, it has just backed off from above 18,350, currently trading at 18,335

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