#EWG German Market Index ready for a retracement?
We seem to be reversing off the top of this multi-channel area at 31.25. In Addition, RSI has bearish divergence and we also recently had a demark13 countdown which could signal an exhaustion in trend. Watch for a reversal to take place off the current area. Perhaps a move back to the 50day moving average which currently sits at +- 29.60 and rising daily, is a potential short term target.
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