DAX could not break to new highs

The German benchmark DAX 30 turned lower as european countries introduced strict lockdowns to curb the pandemic. The index broke below its 20 and 50 moving averages, but did not fall below its previous low around 13.000. If downward pressure continues, it could test the previous low (A).

If it proves to be strong enough, then price could bounce back and test the all time highs. On the other hand, if the previous low would be broken, then the benchmark could fall to its major low (B).