Categories: Technical analysis

DAX Wave Analysis – 15 July 2025

DAX: ⬇️ Sell

– DAX reversed from the resistance area

– Likely to fall to support level 23675.00.

DAX index recently reversed down the resistance area between the pivotal resistance level 24500.00 (former top of wave 3 from June) and the upper daily Bollinger Band.

The downward reversal from this resistance zone stopped the earlier short-term ABC correction B.

Given the strength of the resistance level 24500.00, DAX index can be expected to fall further to the next support level 23675.00.

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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Tags: DAX

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