German DAX Starts on Positive Side

The current movements of the German DAX index are witnessing a bullish tendency after finding a good support floor near 13,800. On the technical side today, and with the index continuing to get a positive stimulus from the 50-day moving average, in addition to the positive signs coming from the RSI on tires. Short temporal.

Consequently, we may witness a bullish tendency during today’s session, targeting 13,995/14,000 as the first target, bearing in mind that confirming the recent breakout extends the pair’s gains so that the way is open directly towards 14,050.

Trading again below 13,800 negates the bullish scenario completely and leads the index to a downside path targeting 13,740.

Note: the level of risk is high.

S1: 13870	R1: 13995
S2: 13800	R2: 14050
S3: 13745	R3: 14120