DAX index daily price forecast.

European markets continued to experience bearish price action in both forex and equity markets as investor sentiment was weighed down by broad based risk adverse trading activity and political/economic woes. Following dovish comments from ECB President Mario Draghi that European economy is slowing down, Euro area macro data came out highly dovish which further fuelled growth worries among investors. While German macro data saw positive outcome, the growth rate was slowest in last 5 years.

The week started on cautious note, but bears have started dominating price action in equities near the close of week. Frankfurt stock exchange saw all its three...