The Dax is attempting to break through its recent highs but is unlikely to succeed if the US market corrects.The weaker Euro will help German exporters,which may explain the relative strength in this market.However problems with sovereign debt with regard to Greece,Ireland and other European economies are likely to keep Germany in the eye of the storm.
Price resistance is heavy in the 5900 area,as shown on the charts.In addition the Dax has peaked around the end of the year in both 2007 and 2008.
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