The major European indices are ending the day with solid gains. Looking at the closing levels:
- German DAX, +1.58%
- France’s CAC, +1.59%
- UK’s FTSE 100 +0.64%
- Spain’s Ibex, +1.79%
- Italy’s FTSE MIB, +2.0%
Looking at the daily chart of the German DAX, the high price today reached 13020.45. That was about 6 points shy of the falling 100 day MA. It will take a move above that MA level to increase the bullish bias for the index.
German Dax tests 100 day MA
This article was originally published by Forexlive.com. Read the original article here.