I was expecting DAX to test 7100 level in the early days of the week and as I said in my past week forecast it dropped in later days of the week.
DAX is in oversold zone, but I think it requires more good news to cross 7200 level. I have an expectation that it may try 7050 level in early days of the week. Right now it is getting very hard to predict more about up moves, I think traders have to take decision on daily basis.
But I will not surprise if it tests 6850 level in later days of the week, obviously this will be the case if any bad news comes. Here I must say that it has created a very short-term pattern which says about level below 6800. Now in case of big sell-off, if it breaks 6600 level then it has support at 6400.
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