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DAX well supported amid the risk-on sentiment – DAX 30 Market Outlook – 20/01/2021

SquaredFinancial

German stocks are seen opening on a flat note today as investors weigh coronavirus worries against hopes of fresh US stimulus with Chancellor Angela Merkel agreeing to tighten Germany’s restrictions. Looking ahead, Eurozone CPI figures are on the agenda, however the Dax index is expected to continue to show lack of direction with 13800 and 13900 as support and resistance.

Support: 13800 / 13700
Resistance: 13900/ 14000

SquaredFinancial Daily Market Outlook


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Source: https://www.squaredfinancial.com/learn/daily-market-outlook/dax-well-supported-amid-the-risk-on-sentiment-dax-30-market-outlook-20-01-2021
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