DAX Put Pressure on Support

The German DAX index touched the first target to be achieved during the previous analysis, located at 10,465.

The technical side today, we find that the index’s intraday trading is stable below 13,950, and we find negative signs appearing on Stochastic.

From here, we may witness a bearish tendency during the coming hours, with initial target 13,800, bearing in mind that trading below 13,800 will extend the index’s losses so that the way is directly open towards 13,720.

From the top, trading above 13,980 will renew its bullish chances towards 14,055 then 14,095. Note: The risk level is high.

S1: 13800	R1: 14055
S2: 13685	R2: 14180
S3: 13550	R3: 14300