Dax Hovering Around Support

The current movements of the German DAX index are witnessing a bearish tendency, benefiting from building a base on the support floor located at 15,200/15,180.

On the technical side, today we tend to be positive, but cautiously, on short time intervals, relying on the RSI getting positive signs.

Therefore, a bullish bias may be likely today, targeting 15,330 the first target, and we are content with this target only due to the high level of risks.

Trading below 15,200 and most importantly 15,180 negates the bullish bias and leads the index to negative trades with its initial target of 15,150 and extending to 15,075.

Note: the level of risk may be high.

S1: 15200	R1: 15330
S2: 15150	R2: 15400
S3: 15075	R3: 15455