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> DAX remains surpressed below 12,380- DAX 30 Market Outlook – 19/06/2020
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DAX remains surpressed below 12,380- DAX 30 Market Outlook – 19/06/2020

SquaredFinancial

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The DAX ended yesterday’s session lower with losses in Software, Transportation & Logistics, Pharmaceutical & Healthcare sectors leading the index lower. The index continues to be suppressed by the 200 period SMA which coincides with our resistance level at 12,380 with a failure to print an hourly close above that level to favor a pullback towards 12,106.

Support: 12106 / 11900
Resistance: 12380/ 12572

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Source: https://www.squaredfinancial.com/learn/daily-market-outlook/dax-remains-surpressed-below-12380-dax-30-market-outlook-19-06-2020
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