The daily chart of the german
index DAX retested in today’s session the support area at 7100 which can form the basis for an increase or at least a reaction until
the 7250 area.
The German
sentiment index (ZEW) came much weaker
today and however the investors have not continue the sales of the last week. This indicates a real potential for a reaction if the U.S. trading
session will not generate significant
losses.
Across
the ocean there are large warning signs on the regulation of new austerity measures and of the debt ceiling but the
new Obama administration is working on a plan for these problems.
In
Europe there is a deadline (Friday) regarding the debt problems of Greece
and until then the indexes are
likely to be maintained at current
levels or even to react from the achieved support level.
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