German DAX Maintains Bullish Path

Positive trading dominated the movements of the German DAX index during the previous session, touching our first target at 14,580, recording its highest level at 14,593.

On the technical side today, we tend to be positive, depending on the positive motive of the 50-day moving average, in addition to trading remaining above the support level of 14,465.

Therefore, we target 14,580 and then 14,610 in succession, and confirming the recent breakout will extend the gains of the index to open the way to visit 14670.

Note: the risk level may be high.

S1: 14505	R1: 14585
S2: 14465	R2: 14630
S3: 14420	R3: 14670