The German DAX index began to rise, posting a strong gain, reaching an intraday high at 12985.
On the technical side, and looking at 60-minute chart, we find that the simple moving averages continue to hold the price along with positive signals from the RSI.
Therefore, a bullish bias is likely today towards previous targets 13040 / 1.3030. From the downside, the return of trading below 12880 is able to negate the bullish scenario and put the price under negative pressure, targeting 127780. Warning: the risks are still high
S1: 12870 | R1: 13035 |
S2: 12760 | R2: 13095 |
S3: 12700 | R3: 13210 |