DAX sitting at support as bears lick their lips

28 Eki 2020

The DAX recently broke down below a key daily bid zone (support) and is now sitting right on another around 11960. With the numbers of covid cases on the rise in Europe and further restrictions to come, sentiment is turning very negative for the economy. We are now watching for a big move down and will be looking for a lower high to work from. Either a retest up towards 12309 and then short or a break then retest of 11960.

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