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Weak Economic Projection Weigh on the DAX – DAX 30 Market Outlook – 11/12/2020

SquaredFinancial

Euro Zone stocks dropped in yesterday’s session with the Dax-30 closing in the red (narrowly missing our short support target at 13200) after the ECB delivered a stimulus package widely in line with expectations while warning of slowing growth next year, denting investor risk-on sentiment as we trade between 13255/13300 support/resistance levels, looking for a breach in either direction to direct today’s trading session.

Support: 13255 / 13200
Resistance: 13300 / 13370

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Source: https://www.squaredfinancial.com/learn/daily-market-outlook/weak-economic-projection-weigh-on-the-dax-dax-30-market-outlook-11-12-2020
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