Germany’s DAX Suffers Big Losses

The German DAX index declined significantly, recording heavy losses during the trading session of the last session, reaching its lowest level at 15,090 during the morning session of today’s session.

Technically, we notice the continuation of the negative pressure coming from the 50-day moving average, which continues to pressure the price from above, accompanied by the stability of trading below 15,200.

Therefore, there is an opportunity to continue the decline, targeting 14,980, a first target, knowing that breaking the mentioned level increases and accelerates the daily bearish trend, to open the door to 14,850, as long as trading is stable below 15m200 and most importantly 15m240.

Note: the level of risk is high

S1: 14980	R1: 15345
S2:  14850	R2: 15580
S3: 14620	R3: 15710