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DAX keeps pointing higher – DAX 30 Market Outlook – 14/01/2021


Germany confirmed its biggest jump in coronavirus deaths during the past 24 hours at nearly 1,240 people as a result of the illness. The Dax however is still very well supported after hitting our target at €14,000 and is still trading on an long-term uptrend from a technical perspective. While there are no stats on the economical calendar out of Europe today, the ECB Monetary Policy meeting minutes will draw some attention later in the day in addition to the US weekly jobless claims. Ahead of the European session this morning, Asian markets rose after China released a record trade surplus of $535 billion in 2020 despite the virus. The strong Asian finish may push European and US markets higher today.

Support: 13900 / 13800
Resistance: 14000/ 14100

SquaredFinancial Daily Market Outlook


SquaredFinancial Review

Source: https://www.squaredfinancial.com/learn/daily-market-outlook/dax-keeps-pointing-higher-dax-30-market-outlook-14-01-2021
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