Dax Continues to Climb Gradually

The German DAX index surged during the previous session, surpassing the official target at 15,910, recording its highest level of 15,948.

Technically, the daily trend is bullish due to the stability of intraday trading above the 15,830 support level, accompanied by the positive motive for the 50-day moving average and the positivity of the relative strength index.

Therefore, the bullish bias is likely today, provided that 15,950 is breached, to enhance the chances of rising to visit 16,020 first target and then 16,095 next stations, as long as the daily trading remains stable above 15790.

Note: Fed statement is due today and may cause volatility.

S1: 15790	R1: 16020
S2:  15645	R2: 16095
S3: 15560	R3: 16240