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DAX turns lower again

Earlier today updates here noted the fall back in the DAX. The index dropped from an early session high at 23,204 seen right on the opening. The fall then extended to 22,882. The rebound that followed saw it rise back above 23k, reaching around 23,015, but since then it has fallen back again and it is back underneath 22,900 and it has now set a new low on the session. This is very much in contrast to the opening seen on the Dow Jones this afternoon, just covered in the previous update. So, this smacks of reverse rotation again, out of the DAX and back to Wall Street and as per before it all ties in with further EUR/USD downside. Indeed, the EUR/USD has now fallen close to the first of those technical support levels mentioned earlier today, at 1.0763. The low seen a short while ago was set at 1.0768. The DAX is right now falling further currently trading at 22,840 
 

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