The Dax-30 ended yesterday’s session in the red while it continues to trade sideways between 13000/13200 support/resistance levels in early trade today, with technicals favoring further downside as long as we print below the 20 and 50 period SMA, with the 200 period SMA and 13000 support level as closest targets. A stalling EU relief package and tighter virus restrictions should keep markets in a risk-off tone.
Support: 13000 / 12875
Resistance: 13200 / 13300
