DAX, Stocks, Europe, Technical analysis

Dax Retest Support

The support levels published in the previous analysis, located at 13.920, managed to limit the bearish bias witnessed by the DAX

Technically speaking, we tend to be positive in our trading, relying on the stability of trading above the support level of 13,920 and in general above 13,920, which is accompanied by the positive motive of the 50 day moving average. Therefore, we maintain our positive outlook, knowing that confirming the breach of 14,080/14,090 facilitates the task required to visit 14,170.

A break of 13,910 is able to thwart the attempts to rise, and the index will be exposed to negative pressure, forcing it to retest 13,840.

Note: The level of risk may be high today.

S1: 13920R1: 14080    
S2: 13830    R2: 14170   
S3: 13740   R3: 14250   

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