Dax Touches Goals And Positivity is Scenario Still Intact

The German DAX index managed to achieve noticeable gains during the previous session’s trading in a bullish context, as we expected, touching the first target published in the previous analysis at 15,260, recording the highest of 15,280.

Technically, we tend to be positive, depending on the stability of trading above the pivotal support 15,110, which is accompanied by the positive motivation of the simple moving averages.

We are targeting15330/15350, as a first target, and its breakout extends the gains of the index, opening the way to visit 15,400, and the gains may extend later to visit 15,520.

Activating the suggested scenario requires stability above 15,110.

Warning: The US employment data are due today, and we may witness high volatility in the index’s movements.

S1: 15140	R1: 14950
S2: 15020	R2: 15400
S3: 14950	R3: 15520