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New highs in U.S. stock indexes pushed the DAX higher – DAX 30 Market Outlook – 02/09/2020

SquaredFinancial

Weak Eurozone inflation data weighed down on the German Dax only to recover as we print above the 200 period SMA and the 13000 mark on the back of new highs in U.S. stock indexes and manufacturing data lifting hopes of an ongoing economic recovery, favoring further upside in today’s session with 13135 as the closest resistance target.

Support: 13000/ 12800
Resistance: 13135 / 13300

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Source: https://www.squaredfinancial.com/learn/daily-market-outlook/new-highs-in-u-s-stock-indexes-pushed-the-dax-higher-dax-30-market-outlook-02-09-2020
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