29.01.2014- ​​​The German market is in the channel

After a strong decline, the German stock index DAX30 began its correction within the local rising channel. If the price will fix above 9500, we expect continued growth of the index. Further progress will depend on the outcome of the U.S. Federal Reserve meeting. Support level is at 9400. Growth within the channel is limited by the resistance at 9780.


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