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The DAX index continued to move lower as the stock markets around the world suffered from lack of interest and uncertainty among the investors and this affected the DAX as well. We had mentioned as much in our forecast yesterday where we had said that the DAX is likely to return back to the lows of its range and this is what we are seeing now.
DAX Continues Lower
The index is now trading in the low 12300s which should see it moving towards the lows of the range. The index has been under pressure for a variety of reasons which includes the uncertainty among the traders after a massive fall just a couple of weeks back. This has since been followed by a rebound but the rebound did not have the pace or the impact that it is supposed to have and it looked more like a correction of the fall lower rather than any major recovery or a reversal of the trend. That is why the move lower has since taken over once the rebound has been completed.