The Dax dropped sharply having fallen below key support at 13,048 towards around 12,400 before recovering but we downside potential. We believe could fall sharply again if it doesn't consolidate above resistance at 13,048 as we await German inflation and US consumer confidence later today in case of significant price action.
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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.