Dax Extends Gains And Positivity Remains

The German DAX index on the Frankfurt Stock Exchange maintained its gains, achieving remarkable gains, recording a high of 14,473.

On the technical side, we are biased towards the positivity, relying on the positive motive of the 50-day moving average, coinciding with the positive signs of the RSI.

Therefore, the bullish bias is likely today targeting 14,500/14,510, bearing in mind that the recent breach extends the pair’s gains targeting 14,580. Activating the suggested scenario requires stability in general above 14,350.

S1: 14350	R1: 14520
S2: 14240	R2: 14580
S3: 14170	R3: 14685