German Dax Gives up Gains

The current movements of the German DAX index are witnessing an upward tendency, benefiting from building on the support floor of 15,300.

On the technical side, today there is a possibility of a bullish slope within the next few hours, depending on the positive signals coming from the RSI and its stability above the midline.

Consequently, confirming the breach of 15,480 will extend the index’s gains, so that we are waiting for 15,545, a first target, taking into account that confirming the recent breach is a catalyst that enhances the possibility of touching 15,620.

The activation of the bullish scenario depends on trading remaining above 15,300.

Note: the level of risk is still high.

S1: 15350	R1: 15485
S2: 15280	R2: 15545
S3: 15220	R3: 15620