Can the DAX Make it 10 out of 10?
It was a mixed day for the European majors on Wednesday. The EuroStoxx600 and CAC40 fell by 0.09% and by 0.28% respectively. In contrast, the DAX rallied by 0.63% to mark a 9th consecutive day of gains.
The DAX has been playing catch-up in April, up 6.83% for the month. The CAC40 is up by 4.22%. Year-to-date, the DAX is now up 16.6%, with the CAC40 up by 17.9%.
Long above 12270 with target 12450 in extension
Short below 12250 with target 12200
As we can see in the H4 chart, usd/chf is trading upwards and may continue the uptrend to reach 1.0253
Long above 1.0130 with target 1.0250 in extension
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