KQMarkets
Long

Dax - Long Despite Downside Risks

XETR:DAX   DAX Index
We still see the Dax moving higher despite the index failing to breach long term resistance above 13,000 after it's post ECB QE fuelled surge. There are a significant downside risks in particular fears surrounding a second wave of the coronavirus and the impact that could have on the Eurozone economy. Therefore, we still hold a long view but we would not want to see the Dax consolidate below key support at 12,021.

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