Technical Analysis – GER 30 index’s retracement forced sideways; positive picture under strain

Germany 30 Index’s (Cash) bounce on the 11,588 level, that being the 61.8% Fibonacci retracement of the down leg from 13,826.27 to 7,961, appears to have hit a ceiling at the 76.4% Fibo at 12,444. The current sideways move is further backed by the recent bearish overlap of the improving 100-period SMA by the falling […]