The Dax-30 is heading towards a third consecutive daily close in the red, plummeting in early trade today on news that German Chancellor Merkel is proposing additional Covid-19 restrictions – closing bars/restaurants for one month – favoring further downside with 11800 and 11600 as the next closest support targets. Speculation around President Macron’s appearance today to reinstate lock-downs should keep markets in a risk-off tone.
Support: 11800/ 11600
Resistance: 12035/ 12200
