GER_30 Set for More Losses

Google+ Pinterest LinkedIn Tumblr +

As the coronavirus continues to wreak havoc, a major decline in stocks markets could also push the DAX much lower and we’d like to sell below weekly support at 12950 with SL above recent highs. 

European numbers also did not help much the german index which could weaken further due to the disappointing numbers out of the manufacturing industry and more specifically when it comes to the automotive sector.

Risk Warning: Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. General Risk Disclosure