Dax Maintains a Bullish Path

The German DAX index touched the official target published in the previous report, at 15,600 to reach its highest level 15,680.

Technically, by looking at a 60-minute chart, we find the 50-day moving average that supports the bullish price curve, accompanied by the stability of the intraday trading above 15,460, in addition to the attempts of stochastic to get rid of the current negativity.

Therefore, we tend to be positive, but the condition for confirming the breach of 15,680, and is a motivating factor that leads the index to achieve gains that start at 15,790 and may extend later towards 15,890.

Activating the bullish scenario depends on the stability of trading above the 15,460 support floor. It should be noted that breaking the mentioned level will postpone the idea of ​​the rise and put the price under negative pressure, with the first target of 15,350 and 15,300, respectively.

Note: the level of risk may be high.

S1: 15460	R1: 15680
S2: 15350	R2: 15790
S3: 15240	R3: 15905