DAX 40 Probes Uptrend Line Ahead of US Non-Farm Payrolls Report

The two-month uptrend line at 7,856 has been probed in early morning trading ahead of today’s key US Non-Farm Payrolls report. A fall through Friday’s intraday low at 7,856 would put the December to mid-March highs at 7,786 to 7,769 back on the cards. The DAX 40 reversed lower on Tuesday and so far slid to Friday’s intraday low at 18,119 ahead of key US employment data. Below this level, support can be found around the 18,044 mid-March high and the 18,000 region.

Minor resistance is seen at Tuesday’s 18,258 low. Above it minor resistance sits around the 27 March low at 18,382. Expectations being pared back with the index slipping to the 55-day simple moving average (SMA) at 17,877 which offered support. Below it the late February and March lows at 17,791 to 17,762 offer support, a fall through which would put the late January high at 17,668 on the cards

DAX 40 Uptrend Line US Non-Farm Payrolls Support Resistance

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