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Roller-coaster ride on the DAX – DAX 30 Market Outlook – 23/10/2020

Roller-coaster ride on the Dax-30, testing September lows before ending yesterday’s session in the green as investors battled between worse than expected Gfk Consumer Sentiment data and tightening Covid-19 restrictions in Europe on one hand, and positive news on the vaccine front with the Oxford/AstraZeneca proving to prompt a strong immune response. Technically speaking, an hourly close below 12550 support level should favor further downside.

Support: 12550/ 12400
Resistance: 12600/ 12700

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SquaredFinancial Review 

Friday, 23 Oct, 2020 / 7:53

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Source : https://www.squaredfinancial.com/learn/daily-market-outlook/roller-coaster-ride-on-the-dax-dax-30-market-outlook-23-10-2020

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