Dax daily: 20 May 2020 DAX FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) EUREX:FDAX1! FTMO The first trading hour looked very promising and Dax started its way up towards 11 262 but we saw a correction shortly after. Yesterday's price action is better to be classified as corrective. The price went lower towards 11 000 where it traded for most time and eventually closed below. Important zones Resistance: 11 262 Support: 11 000 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases 20:00 CEST - FOMC Meeting Minutes Today's session hypothesis Dax opens again above 11 000 and it appears this is a key level for the nearest future. There is a big accumulation of orders hence we consider this level very important now. It could serve as the entry level for buyers, targeting 11 262. This is the scenario we'll be closely monitoring now. On the other hand, yesterday's close gives it up for bearish traders to look below 10 960 and that's why we need to take this thesis into consideration as well.