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The current moves in the German DAX are witnessing a bearish bias after finding a strong resistance level near the psychological barrier of 14,000.
On the technical side today, we tend to be negative in our intraday trading, relying on intraday trading below the psychological barrier of 14,000, which is accompanied by the negative signs of the RSI, which began to gradually lose the bullish momentum.
We aim to re-test the support level of 13,820, the first target, and breaking it puts the price under negative pressure, its second target is around 13,700.
From the top, the return of trading to stability above 14,020 negates the bearish scenario, and the index regains its recovery to complete the official bullish path towards 14,110.
Note: The level of risk is high.
| S1: 13820 | R1: 14020 |
| S2: 13700 | R2: 14110 |
| S3: 13610 | R3: 14225 |
