DAX 30 Forecast - Bullish Momentum Builds Despite National Lockdown Extension

If so, 13,600 will be the first line of defense for buyers, before sellers aim to break the 13,400 support area, from which point a further pullback is likely to see a fall towards 13,000 where strong buyer support remains. The Euro’s continued strength also undermines the DAX’s bullish potential, as investors will be worried about German exports being too expensive, so we can expect the German index to be defensive if the euro continues rising.

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