Despite the recent pullback as the Dax crept over 11000 due to dire economic data and renewed tensions between the US and China we still feel there is significant upside potential for the index. However, at this stage we would want the Dax to consolidate above key resistance level at around 11,300 to confirm the upward momentum as we await economic data this week concluding with non farm payrolls on Friday.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.