Dax - Long Despite Downside Risks

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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