The German Dax Continues to Rising

Positive trading continues to dominate the German DAX index, recording its highest level at 15,694.

On the technical side, we tend to the positivity in our trading, relying on the stability of trading above the 15,445 support floor, accompanied by the positive motive coming from the 50-day moving average, coinciding with the clear positive signs on the RSI.

Therefore, the bullish bias is likely today, provided that the breach of 15,595 is confirmed, targeting 15,695 first target, then 15,820.

On the downside, the return of the stability of trading again below 15,445 is able to thwart the bullish scenario and put the price under negative pressure, with its initial target 15,320.

Note: The risk level is high.

S1: 15445	R1: 15695
S2: 15320	R2: 15825
S3: 15190	R3: 15950