How Will DAX30 Respond to the News from the German Economy?

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During the previous trading weeks, the market gradually grew towards the upper bound of the green channel. The bulls raised the price exactly to the resistance level on the upper green border. Now the market is at a fork, either breakthrough this border and continue to grow to the next resistance line, or push off the green wall and start moving down.


Thus, in the case of a break of the resistance of 13355, the bulls will open the way to the resistance level of 14520, which is on the upper yellow bound. However, if we see a rebound from 13355, then the market may decline to the lower wall of the yellow channel and the support level of 12730


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