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17 Jul 2015
DAX in red ahead of German vote on Greece bailout
FXStreet (Mumbai) - Germany’s benchmark index, the DAX slipped ahead of Bundestag vote on Greece reforms on calm Friday, but is heading for a strong weekly performance, chiefly as concerns over Greece eased.
Currently, the DAX 30 trades lower by -0.30% at 11683.50, slipping from close to two month highs reached at 11752.30 in early moves. German stocks were traded lower on Friday, but are still heading for a weekly rise thanks to the optimistic view on the Greek crisis. For this session, the economic calendar for Europe is empty. -
The index trades with a negative market breadth with the advance-decline ration being 4:26. Beiersdorf AG is the top gainer, up 0.30%. On the other hand, Daimler AG is losing -0.97% followed by adidas AG, down -0.74%.
DAX Technical Levels
The index has an immediate resistance at 11790. Meanwhile, support is seen at 11600 levels and 11414 levels.
Currently, the DAX 30 trades lower by -0.30% at 11683.50, slipping from close to two month highs reached at 11752.30 in early moves. German stocks were traded lower on Friday, but are still heading for a weekly rise thanks to the optimistic view on the Greek crisis. For this session, the economic calendar for Europe is empty. -
The index trades with a negative market breadth with the advance-decline ration being 4:26. Beiersdorf AG is the top gainer, up 0.30%. On the other hand, Daimler AG is losing -0.97% followed by adidas AG, down -0.74%.
DAX Technical Levels
The index has an immediate resistance at 11790. Meanwhile, support is seen at 11600 levels and 11414 levels.