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DAX pushes back to where it closed but where to next?
The price action across the European equity markets since the opening this morning has now delivered a recovery in the DAX and the CAC. The DAX, which closed yesterday at 19,263 has now managed to push its way back to almost unchanged on the session. Perhaps this is technical move and it might reverse lower again and that is a prognosis favoured here right now, but it could also be incorrect. The recent price action of players selling into rallies is by and large still intact, but at the same time, the path lower is by no means a certain one. The DAX is still under the weight of negative rotation and that has yet to change. However, if the US equity markets slip further by the close tonight, it could be stalled for the time being. We shall have to see on that. The index is just now trading at 19,243
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