We see downside potential for the index despite the lack of significant price action over the past few trading sessions as the index has failed to continue it's upward momentum after consolidating above resistance around 13,070. This is mainly due to the impact of of the 2nd wave of the coronavirus and increased uncertainty surrounding Brexit with talks having been postponed due to an EU negotiator testing posting for the coronavirus. Additionally, Poland and Hungary blocked the EUs long term budget plans which would have had a favorable impact on the constituents of the Dax index.