(10 JULY 2020)DAX Choppy.

<p>Pivot</p>
<p>&nbsp;(invalidation): 12640.00 Our preference</p>
<p>Short positions below 12640.00 with targets at 12441.00 &amp; 12260.00 in extension.</p>
<p>Alternative scenario</p>
<p>Above 12640.00 look for further upside with 12730.00 &amp; 12840.00 as targets.</p>

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