Dax Faces a Support Retest Scenario

Positive trading dominated the movements of the German DAX index, reaching its highest level during the early trading of the current session at 15,940.

On the technical side, today, we are inclined to the positivity based on the positive signals coming from the RSI, accompanied by the positive motive of the 50-day moving average.

From here and steadily trading above 15,900, and most importantly 15,870, the bullish bias is likely today, targeting 15,990 first target, and then 16,060 next station.

Confirmation of breaking 15,870 postpones the chances of rising but does not cancel them, and we may witness a retest of the pivotal support 15,820 before rising again.

S1: 15820	R1: 15990
S2:  15735	R2: 16060
S3: 15665	R3: 15150