The DAX is Gradually Rising

Positive attempts witnessed the movements of the German DAX index, recording its highest level at 15,510.

Today’s technical aspect indicates the possibility of a bullish bias in the coming hours, depending on the stability of the intraday trading above the support level of 15,450 and in general above 15,400, in addition to the attempts of the RSI to obtain bullish momentum on the short time intervals.

We expect a bullish bias, but with caution, targeting 15,550 first target and breaching it contributes to consolidating the index’s gains to open the door for 15,630 and 15,660.

The return of trading stability below the support level of 15,400 puts the index price under negative pressure, witnessing bearish movements with an initial target 15,370 and 15,320, respectively.

Note: The risk level is high.

S1: 15450	R1: 15525
S2:  15400	R2: 15560
S3: 15370	R3: 15600