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FXStreet (Mumbai) - Germany’s benchmark index, the DAX opened slightly lower and subsequently popped up 12k marker, only to fall back in to red as remains nervous due to uncertainty over Greece while Euro zone final CPI print offered no little boost to the stocks.
Currently, the DAX 30 trades lower by -0.25% at 11968 levels, retreating from 11929 fresh weekly lows. The DAX trade muted and is set to close the week sharply lower as markets continue to monitor Greece. Moreover, a relatively stronger euro continues to weigh on the exports-oriented stock, dragging the index lower.
The index is seen trading with a mildly negative market breadth, the advance-decline ratio being 14:15. Beiersdorf AG is the top gainer, up 0.73% followed by E.ON SE which is up 0.64%. On the losing end, Commerzbank AG is down -1.47%, followed by LANXESS AG losing -1.17%.
DAX Technical Levels
The index has an immediate resistance at 12k. Meanwhile, support is seen at 11900 levels and 11620 levels.
