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Momentum fading amid economic uncertainty – DAX 30 Market Outlook – 12/02/2021

SquaredFinancial

European markets are seen opening lower today as risk momentum seems to be stalling following a rather tepid and back and forth session yesterday. The DAX30 is still swinging around 14000 ahead of the weekend as it remains in a narrow sideways range with 13900 as next key support and target as the uncertainty regarding the economic consequences of the pandemic with new variants of the coronavirus has recently made investors act more cautiously.

Support: 14000/ 13900 / 13800
Resistance: 14100 / 14200

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Source: https://www.squaredfinancial.com/learn/daily-market-outlook/momentum-fading-amid-economic-uncertainty-dax-30-market-outlook-12-02-2021
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