The Dax dropped sharply yesterday on the back of fears surrounding the spread of a new strain of the coronavirus and the subsequent block on travel from the UK by a host of countries. However, despite downside potential for the index with the impact of the coronavirus and Brexit, in particular given it's volatile nature, we would not take short view unless the index consolidates below support around 13,000.
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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.