DAX30: in the downward channel

Forex analytics: On the daily chart the index DAX30 has been in the downward channel since December 2015. Sharp decline in European stock indices and the rise in Euro was caused by investors’ disappointment that ECB did not introduce strict measures to expand QE program in Eurozone. The index has lost 2720 points declining from the level of 11410.0.However, the price index managed to go up above the level of ...