German DAX Continues to Decline

The bearish trend dominates the German DAX index, recording its lowest level at 15,007 after finding a solid resistance level around 15,280.

Technically, the current moves are witnessing a slight bullish slope, benefiting from the base at the 15,020 level, but the simple moving averages continue to pressure the price from the upside.

Therefore, the bearish bias is more likely today, knowing that trading below 14,980 constitutes a strong negative pressure factor forcing the index to provide more decline towards 14,860 initially.

Note: The level of risk is high

S1: 14980	R1: 15250
S2:  14860	R2: 15395
S3: 14720	R3: 15520