Dax - Long - Key Resistance Level

Aug 30, 2021

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Dax - Long - Key Resistance Level by KQMarkets on TradingView.com

Commentary

We still see the Dax going up in particular next month if as widely expected the ECB cut rates and launch additional QE.

Over the past couple of days the index has risen significantly mainly due to an easing of tensions in the US/China Trade War.

However, we would want to see the Dax consolidate above the key resistance level at $11976 to continue the upward momentum.

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