We still see the Dax reaching our target level of 14000 despite the pullback in the index on the back fears surrounding the impact of the coronavirus and EUR Zew Survey Expectations coming in at 8.7 vs 22 forecast. This is because we believe the ECB may be even more aggressive in there monetary policy to boost the Eurozone economy if they believe it will be significantly impacted by the coronavirus.
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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.