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


This analysis is just part of a greater daily market report on 8+ of the hottest instruments and assets provided to all SquaredFinancial clients.

Register for a live account and receive the daily report in full detail for free. 


Risk Warning: 56.82% of retail CFD accounts lose money

Disclaimer: This information is only for educational purposes and is not an investment recommendation. The information here has been created by SquaredFinancial. All examples and analysis used herein are of the personal opinions of SquaredFinancial. All examples and analysis are intended for these purposes and should not be considered as specific investment advice. The risk of loss in trading securities, options, futures, and forex can be substantial. Customers must consider all relevant risk factors including their own personal financial situation before trading.