German DAX: To The Upside

Mixed trades dominated the movements of the German DAX, as the current moves are witnessing attempts to settle above 13,780.

On short time intervals, we see the moving average trying to push the price higher, and we find the RSI indicator trying to obtain more bullish momentum.

Therefore, we may witness positive moves, but cautiously, in the coming hours, targeting 14,000/14,020 an initial target that may extend later towards 14,080.

The activation of the suggested bullish scenario depends on trading remaining above 13,780 and breaking it will lead the index to retest 13,510. Note: the risk level may be high.

S1: 13690	R1: 14020
S2: 13510	R2: 14170
S3: 13360	R3: 14350