Noor Trends News, Technical Analysis, Educational Tools and Recommendations
Negative trades dominate the movements of German Dax, where it found a strong resistance level near 13,320.
Technically speaking, by looking at the 60-minute chart, we find the RSI indicator began to gradually lose the bullish momentum accompanied by the stability of trading below 13,280.
Consequently, we may witness a bearish bias during the coming hours, targeting a re-test of 13,165, and it may extend to 13,110.
Returning again above 13,280 is able to negate the bearish bias and the index will recover again to visit 13,310, then 13,380.
Warning: Today we are awaiting the US jobs data and may witness heavy price fluctuation.
| S1: 13165 | R1: 13310 |
| S2: 13095 | R2: 13380 |
| S3: 13020 | R3: 13450 |
