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DAX plummeting after Merkel proposed 1-month lockdown restrictions – DAX 30 Market Outlook – 28/10/2020

The Dax-30 is heading towards a third consecutive daily close in the red, plummeting in early trade today on news that German Chancellor Merkel is proposing additional Covid-19 restrictions – closing bars/restaurants for one month – favoring further downside with 11800 and 11600 as the next closest support targets. Speculation around President Macron’s appearance today to reinstate lock-downs should keep markets in a risk-off tone.

Support: 11800/ 11600
Resistance: 12035/ 12200

SquaredFinancial Daily Market Outlook

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SquaredFinancial Review

Wednesday, 28 Oct, 2020 / 8:47

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Source : https://www.squaredfinancial.com/learn/daily-market-outlook/dax-plummeting-after-merkel-proposed-1-month-lockdown-restrictions-dax-30-market-outlook-28-10-2020

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