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Weak euro boosts DAX

Germany's main stock index is on course for further gains
July 17, 2012

The weakening of the euro is a boom to Germany's already strong exporters, which are heavily represented in the DAX, says Warren Firth at www.globalprimepartners.com.au.

While the German index may experience a bit of a barrier around 6600, it does seem to be on the way to a Gann Theory derived target at 6900. Stay long of this index, only exiting trades on sustained action below 6200.