We could be heading to 10800 or 10560. Pro 10800: RSI 57 at 1 hr frame. Hasnt broken the trendline at 10678. EMA upwards. Pro 10560: Stochastic RSI very high. Trend downwards but resilient at 10670s.
Key catalyst for an upward or downward could be the inductrial order. Last month it moved to contractory terriotoy? Will it bounce back to expansion??
Will advise to wait for the confirmation of trend.
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DAX 30 hit 10740 and moved down. We are looking downhill now, so short.
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iT HAs FOUND SUPPORT AT 10660 SO BUY NOW LONG WE ARE GOING FOR UPSIDE BACK TO 10740 AS IT IS SIDEWAYS MOVEMENT.