We are marking the highs as widely mentioned previously in the 2020 Dax Macro Map:
Markets are unable to shrug off risk from Coronavirus and we are spreading into waterfall mode. PBOC stepping in to attempt stopping the bleeding but smells too little too late. No surprises EUR showing signs of marching in the opposite direction:
Those following the latest Macro charts in Euro will know, the philosophy of EUR finding a strong bid will constitute good criteria for the devaluation of German Equities. This is crunching time for the Fiscal side in Europe, if Germany start to turn on the fiscal taps (too late anyway) then the logical follow up is EUR long.
Thanks as usual for keeping your support coming with likes, comments, charts and etc!