KQMarkets

Dax - Long - Key Resistance Level

Long
XETR:DAX   DAX Index
We still see the Dax going up in particular next month if as widely expected the ECB cut rates and launch additional QE . Over the past couple of days the index has risen significantly mainly due to an easing of tensions in the US/China Trade War. However, we would want to see the Dax consolidate above the key resistance level at $11976 to continue the upward momentum.

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