DAX is Building Above Support

The German DAX index returned to stability above the pivotal support at 15,200, which forced it to rebound to the upside, recording its highest level at 15,280.

On the technical side, today we tend to be positive, relying on the stability of trading above 15,200 in addition to the positive motive of the 50 day moving average.

Therefore, 15,325 is the first official target, and its breaking it is a catalyst that increases the probability of continuing the rally towards 15,385 areas.

Trading below 15,200 is able to completely thwart the bullish scenario and put the index price under negative pressure targeting 15,150 and then 15,055. Note: The risk level is still high.

S1: 15160	R1: 15325
S2: 15055	R2: 15385
S3: 14990	R3: 15490