The DAX hit our resistance target at 14100 yesterday despite disappointing retail sales data with more upside action expected today ahead of Germany’s reopening plans. Angela Merkel will layout a much anticipated lockdown easing strategy accompanied by widespread Covid-19 testing amid political pressure to open up Europe’s largest economy. Germany’s services PMI at 0855 GMT and eurozone PMIs at 0900 GMT are also in focus today, with better-than-expected data to trigger more upside action to the next resistance level at 14173.
Support: 14035/ 14000 / 13900
Resistance: 14100 / 14173
