DAX Maintains Bullish Bias

The German DAX index managed to achieve the required target during the previous analysis, located at 15,350, to hit a high of 15,343.

On the technical side, today we tend to be positive, with the index succeeding in building a support floor of 15,260, and generally above 15,200.

The 50-day moving average supports the continuation of the rally to visit 15,350, the first target, knowing that breaching it is a catalyst increasing the possibility of extending gains towards 15,390.

Trading below 15,200 forces the index to retest 15,160 before attempting to rise again.

Note: Stochastic trying to eliminate the current negativity.

S1: 15260	R1: 15350
S2: 15200	R2: 15490
S3: 15160	R3: 15440