Despite the turbulent last few days in the stock markets, a quick look at the chart of the German DAX index shows that the price is moving in a rising trend line, with the support being tested three times - which indicates its importance.
The lesson here is that the markets seem to get used to Donald Trump and his "twisting of hands," using words like preferential tariffs against other countries.
It is obvious that there is at least no danger at the moment.
The big support that has to be struck down to talk about the downside stands at the 12,000 number, while the resistance where the overcoming for a new impulse is needed is up to 12,300.
Graphics: Used with permission from Bloomberg Finance L.P.
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