DAX one leg down to 10,700 before potential bullish rally to 12k

In line with promising PMI numbers, vaccine hopes, reconstruction plans might start to put hopes to Germany and Euro economy and ultimately lead to good performance of the stock markets across Euro zone. However, there has been number of mixed signals which might pull the index to the region around 10,700.

But, i am still optimistic that the index is potentially positioning for a bullish rally to 12,000 within short horizon.