German DAX Starts Positive

The German DAX opened its daily trading with a bullish bias after finding a solid support floor around 13670.

Technically speaking, with trading remaining above 13760, accompanied by the positive motive of the 50-day simple moving average. The bullish bias is likely today targeting 13,890/13,895 the first target, bearing in mind that confirming the recent breakout extends the gains, so we will be waiting for 13,950.

Consolidation again below 137,20 is capable of negating the suggested bullish scenario, and we are witnessing a bearish bias, targeting 13620.

S1: 13730	R1: 13895
S2: 13625	R2: 13950
S3: 13570	R3: 14060