DAX (a 4-hour chart)
European stocks traded lower on Tuesday following the news of Hillary Clinton's victory over Donald Trump in the presidential debate.
DAX maintained its bearish tone on Tuesday. The price was declining the whole day and found a support around 10250 in the North American session. After touching the mark the quotes rolled back towards the nearest resistance at 10350. The 50 and 100 EMAs kept heading lower in the 4 hours chart. The 200-EMA direction is upwards. The resistance is seen at 10350, the support is at 10175.
The MACD histogram decreased which indicates the sellers’ strength. RSI is in the oversold area
The price may recover to the 10450 region where the 50-EMA exists. After reaching the region the index may turn around. Conversely, DAX may make another attempt and this time break below 10250.