FXStreet (Mumbai) – Germany’s benchmark index, the DAX trades around a flat line today amid a data-empty EUR macro calendar while lack of progress on the Greece front keeps the investors on the edge with Grexit rumours back on the table.
Currently, the DAX 30 trades almost unchanged at 11470 levels, recovering from fresh session lows at 11389. The DAX trades muted tracking its European counterparts as markets remain cautious amid the ongoing Greek story as the talks between technical experts are set to continue later in the day.
The index is seen trading with a positive market breadth, with advance-decline ratio of 24:6. ThyssenKrupp is the top gainer 1.15%, followed by Lanxess AG up 1%. While Volkswagen AG is the top loser, down -0.31%, followed by Merck KGaA which is losing -0.25%.
DAX Technical Levels
The index has an immediate resistance at 11588. Meanwhile, support is seen at 11360 levels and 11240 levels.
(Market News Provided by FXstreet)