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DAX, Stocks, Europe, Technical analysis

DAX Re-test Support

Adel 11 January, 2021 11:50 am Daily Technical Analysis, Technical Analysis

The German DAX index was able to touch our desired target at 14,130. to post high at 14,122.

On the technical side, with the index’s managed in to build on support floor of 13,990/13,970 accompanied by the index obtaining upward momentum from the RSI.

It encourages us to maintain our positive expectations for targeting 14,140 as first targets, and breaking here them enhances index towards gains so that we will be waiting for 14,195. The suggested scenario depends on trading remaining above 19,970.

S1: 13995R1: 14140    
S2: 13920    R2: 14195   
S3: 13855   R3: 14275   

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