DAX Reiterating Chances of Intraday Bullishness

The German DAX index declined, to reach a low of 12930 in the previous session.

Technically, we are intraday positive, with the index gaining bullish momentum on short time frames, with intraday trading stabilizing above the support level of 12910 and the most important 12860.

Therefore, confirming the breach of resistance level 13020, increases the possibility of hitting 13140 a first target that extends to 13180.

Returning to trading below 12860 will negate any upside attempts and put the price under negative pressure targeting 12810. Note: The risk level is high.

S1: 12910	R1: 13140
S2: 12810	R2: 13265
S3: 12680	R3: 13370