Fri, 03 Jun 2022 10:47:07 GMT
Germany 40 index returns to March highs
The April and May descending channel pattern was broken on May 20. The German stock index afterwards confirmed the previous resistance line as support, before starting a surge. By the start of June, the stocks were approaching the March high level zone at 14,825.00/14,940.00. Meanwhile, the resistance zone was being approached by the 200-day simple moving average near 15,000.00.
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