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Last week, the DAX 40 hit another record high, nearing the psychological 22,000 mark, which may soon be tested. This outlook remains valid as long as Friday’s low of 21,728 holds. Above this level, the January peak at 21,802 may act as support.
Failure to hold Friday’s low of 21,728 may shift focus towards last Wednesday’s high and Thursday’s low, ranging between 21,663 and 21,638.
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