Noor Trends News, Technical Analysis, Educational Tools and Recommendations
A noticeable rise for the German DAX index, touching the first target at 16,020, to record its highest level at 16,053.
On the technical side, the daily trend is still bullish due to the stability of the intraday trading above the support level 15,790/15,780 and the positive signals from the RSI on the short time frames.
Therefore, the bullish bias is more likely today, but cautiously, targeting 16,060 first target and breaching it will extend the index’s gains so that the way will be directly open towards 16,095 initially. On the other hand, activating the suggested scenario requires trading stability above 15,780. Therefore, breaking it will stop the bullish bias and put the index price under negative pressure, with a target of 15,560.
| S1: 15790 | R1: 16060 |
| S2: 15645 | R2: 16095 |
| S3: 15560 | R3: 16240 |
