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DAX higher ahead of the two-day EU Summit – DAX 30 Market Outlook – 17/07/2020

SquaredFinancial

The Dax has kept its footing as it bounced off our support level at 12800 after no policy changes arised from yesterday’s ECB meeting with Lagarde affirming that the central bank will use full force if needed. All eye’s today on Brussels as the EU leaders meet to discuss the recovery fund, as we look for an hourly close above 13000 to open the door to higher prints with 13135 as the next resistance target.

Support: 12800/ 12600
Resistance: 13000 / 13135

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Source: https://www.squaredfinancial.com/learn/daily-market-outlook/dax-higher-ahead-of-the-two-day-eu-summit-dax-30-market-outlook-17-07-2020
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