DAX (a 4-hour chart)
European stocks moderately decreased, finishing the second month in a row with a growth.
The index finished the day negatively despite the positive trend. The price stepped away from the weekly high at 10700. DAX is approaching the 50-EMA in the 4 hours chart. The 50, 100 and 200 EMAs are moving upwards. The resistance is seen at 10700, the support lies at 10520.
MACD decreased which indicates the buyers’ positions weakening. The indicator still gives a buy signal. RSI is moving from the overbought area.
DAX may decrease to the support 10520 where the 50 and 100 EMAs lie.