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Additional Stimulus in Germany surged DAX higher – DAX 30 Market Outlook – 27/08/2020

SquaredFinancial

News of additional stimulus in Germany, surging tech stocks, and a refusal to re-instate lockdowns in France, Italy, and Spain supported higher prints on the Dax with 13135 previous resistance level now used as support with bullish momentum favoring further upside with 13300 as the closest resistance target.

Support: 13135 / 13000
Resistance: 13300 / 13400

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Source: https://www.squaredfinancial.com/learn/daily-market-outlook/additional-stimulus-in-germany-surged-dax-higher-dax-30-market-outlook-27-08-2020
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