Dax Starts The Week on The Positive Side

The DAX is witnessing positive movements as the week begins with a bullish bias. Technically, the index stabilizes intraday above 12780, and most importantly 12740, with a positive motive from the 50-day moving average.

We think that there is a chance for a bullish tendency to occur in the coming hours, targeting 12990 as the first target, breaking it opens the door directly towards 13090.

From the downside, returning to trading below 12740 negates the attempts to rise and puts the price under negative pressure with the aim of retesting 12585. Warning: The level of risk is high.

S1: 12740	R1: 12990
S2: 12585	R2: 13090
S3: 12485	R3: 12245