Dax Maintains a Bullish path

The German DAX index opened today’s trading session with a slight bullish bias, trying to build on the strong support floor located at 15400 prices.

Technically, today, we tend to the positivity, but with caution, relying on the positive motive of the 50-day moving average, which continues to carry the price from the Eiffel and meets near the level of 15,410 and adds more strength to it.

Therefore, the bullish bias is the most preferred today, knowing that the confirmation of the index breaching the level of 15,480 is a motivating factor that enhances the chances of rising to visit 15510, and then 15,550 next station that may extend its targets later to visit 15,600.

To remind that activating the bullish scenario depends on the index’s stability above 15,400, and breaking the mentioned level negates the activation of the bullish scenario completely and puts the index under strong negative pressure, its initial target is 15370, while its official target is around 15,330.

Note: The risk level is still high.

S1: 15420	R1: 15510
S2: 15370	R2: 15550
S3: 15330	R3: 15600