Dax Makes Repeated Attempts to Rise

The German DAX index declined within the bearish context mentioned in the last analysis, heading to visit the official target of 15,960, recording its lowest level at 15,860.

Technically, the index returned to the bullish bounce, building on a strong support floor of 15,860, accompanied by the positive motive for the 50-day moving average, which returned to hold the price from.

From here, intraday trading above 15,940 and in general above 15,860, we may witness a bullish bias in the coming hours, targeting retesting 16,075. It should be noted that confirming its breach is a catalyst that opens the door for the index to visit 16165.

Note: The risk level is high.

S1: 16010	R1: 16160
S2:  15960	R2: 16250
S3: 15870	R3: 16300