DAX is Testing the Trend Channel
Burc Oran
December 3, 2020
Daily news update image for financial markets showing key market trends and analysis
DAX Mini Generic - Hourly
DAX Mini Generic – Hourly

DAX is testing the lower line of the bullish trend channel. A shorter-term triangle formation has formed just above this line. DAX may try to decide which way to go later this day or tomorrow. If the price breaks the 13215 support a fall to 13050 is highly likely. But as long as DAX stays in the white trend channel, the price may target the 13440-13500 zone.

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