Zero interest rates, economic slowdown

DAX at the limit

 

The European Central Bank (ECB) says it will not deviate from its zero interest rate path until 2020 at the earliest. The key interest rates want to change the monetary authorities until at least the end of December. The cloudy economic outlook and the inflation rate of 1.4 percent were the reasons for this. In addition, the ECB continues to demand penalty interest from banks. The DAX 30 could still defend the important SKS neckline at 11,800 points in the context of these messages. This brand is the linchpin. For today, the DAX 30 will present sideways to slightly strengthened. The 200-day line tends to 11,695 and the Upper Bollinger band at 12,115 points. The 11.864 represents an immensely important support. This level corresponds on the one hand to the opening gap of 03.04.2019, on the other hand runs here the current upward mode (!). All in all, the DAX continues to be in the up mode, albeit very sharply. This can now carry him up to 12,500 meters. At this point, we have often pointed to this mark. However, the decisive factor is how the German leading index will behave at 11,864 - 11,800. A test of the two brands is not excluded because of the latent Brexit uncertainty. After tough negotiations, the EU leaders have agreed to offer Great Britain an extension until the fall of Brexit. What the British politicians ultimately decide ... "Who knows ???" The chart and market technology, however, remains a reliable compass.

 

 

Trend return successfully defended & deftly defended

Brexit uncertainty continues

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