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DAX heading to new all-time highs? – DAX 30 Market Outlook – 03/03/2021

SquaredFinancial

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

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Source: https://www.squaredfinancial.com/learn/daily-market-outlook/dax-heading-to-new-all-time-highs-dax-30-market-outlook-03-03-2021
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