DAX (a 4-hour chart)
DAX started the last day of the week around 10700. The index slightly grew and strengthened to the 10744 mark. Having refreshed the daily high prices dropped below the level 10700 and softened to 10645 afterwards. According to 1 hour chart the benchmark traded around the 50 and 100 EMAs. The 50, 100 and 200 EMAs were neutral. The resistance is seen at 10700, the support is at 10600.
MACD decreased which indicates the buyers’ positions weakening. RSI was neutral.
We expect the market to become bearish soon. A firm break below 10600 handle could trigger fresh weakness for attack at 10500.