Dax Built on Support And Positivity Remains

The German DAX index managed to achieve noticeable gains during the previous session’s trading within a bullish path, as we expected, touching the first target published in the previous analysis, 15,400, recording a high of 15,420.

Technically, we are inclined to the positive, with the index based on the support floor 15,300/15,290 in addition to the positive signs of the RSI.

Therefore, we target 15,460, bearing in mind that the breach of the aforementioned level is a catalyst that enhances the chances of an upside move towards 15,510.

Trading below 15,290 delays the chances of the bullish scenario and puts the price under temporary negative pressure, targeting a re-test of 15,200 before rising again.

Note: The level of risk may be high.

S1: 15300	R1: 15460
S2: 15210	R2: 15510
S3: 15160	R3: 15605