GER40: Intraday Long Setup as Key Support Holds

GER40 Market Overview and Technical Analysis

Good morning, KoraFX community! Taking a closer look at the GER40 today. We're currently seeing the index trading at 22341.55, reflecting a slight dip of -0.26% over the last 24 hours. The overall trend remains decidedly sideways, with the day's range confined between 22253.88 and 22429.22.
However, despite this sideways chop, I'm observing something quite interesting at our lower boundaries. We've seen a clear test of the 22300 support level, and more critically, the intraday low of