The index dropped by 2.5%, ending yesterday’s session in the red at 12,123. Despite improving German consumer sentiment released in early trade today, the Dax continues to trade below the 200 period SMA on the hourly (and daily) after the US mulled new tariffs on European imports and a surge in US Coronavirus cases weighed down on risk sentiment with 11900 as the closest support target.

Support: 11900 / 11704
Resistance: 12200 / 12400

 

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