Dax is Experiencing Negative Pressure

The German DAX index hit the pivotal resistance level published during the last analysis, represented by our official target during the previous report at 15,550, recording its highest level at 15,550, trading with negativity during the current session.

Technically, we are inclined to the negativity, relying on the stability of trading below the mentioned resistance level and the RSI gaining clear bearish momentum over the short time intervals.

Therefore, we are targeting 15,380 as a first target, considering that breaking the mentioned level increases the negative pressure waiting for 15,330. Rising again above 15,550 negates the suggested bearish scenario and the index recovers again with a target of 15,600 and 15,660, respectively.

Note: The risk level is high.

S1: 15380	R1: 15520
S2:  15330	R2: 15600
S3: 15250	R3: 15660