Dax Continues to Gain Ground

The German DAX index jumped to surpass the last official target published in the previous analysis, located at a price of 15,380, recording its highest price of 15,526.

The technical side today is indicating the possibility of continuing the rise, relying on the positive motive of the 50-day moving average, which comes in conjunction with the positive signs coming from the RSI.

Therefore, we maintain our positive outlook, knowing that confirming the breach of 15,530 will extend the gains of the index, opening the way to a visit of 15,610, and then 15,690 the next stop.

To remind you that activating the bullish scenario requires stability above the previously breached resistance, which is now converted to the support level of 15,350, and breaking it will nullify the bullish scenario and lead the project to re-test 15,190.

Note: The level of risk may be high today. Warning: Stochastic is trading around overbought areas.

S1: 15350	R1: 15610
S2: 15190	R2: 15690
S3: 15100	R3: 15860