DAX break out again

DAX held the 24,300 support level we highlighted previous and it has just broken out to a new high on the week and month. It looks like we will get that follow-thru to a new all-time high we were looking for so long as this level now remains intact.

If a new high is made, why stop there? Expectations of more German stimulus continues to drive markets higher. So i wouldn't be surprised if the DAX even reached 25K handle in the coming days.

By Fawad Razaqzada, market analyst with FOREX.com