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Levels to watch: FTSE 100, DAX and Dow

Risk appetite is recovering after losses yesterday, with the Dow in particular holding a key trendline. 

FTSE 100 pushes through lows

The FTSE 100 has recovered from overnight lows around 7100, and is aiming for another push towards 7250.

A higher low has been created, and it would need a close below 7100 to negate the rising trend.

DAX creates new higher low

The move off the lows of early March continues, even if it has been heavy going for DAX over the past 48 hours.

Still, a higher low was created yesterday, and for the time being the trend here remains intact. A move below 12,110 would dent this idea, and raise the possibility of a move back towards 11,900.

Dow holds above February lows

The Dow Jones continues to hold the rising trendline from the lows of early February, with the previous bounce off this line generating a 1200-point move in short order.

If the trend continues to hold, we look for a push back to 25,600 and then 25,800. A turn back below 24,600 negates this bullish outlook. 

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