Dax to Re-test Support

The movements of the German DAX index witnessed a slight bearish bias during the previous trading session, finding a good support floor around 13,250.

Technically, the simple moving averages are still trying to push the price higher on the 4-hour time frame with positive signals from RSI on the short time frame.

From here and with the stability of intraday trading above 13,250 and in general 13,200, the bullish move is likely today, targeting 13,360 as a first target, and its breach strengthens the chances of an upside towards the second target 13,410/13,415.

Activating the suggested scenario requires stability above 13,200 because breaking it is capable of negating any attempts to rise in the short term, and open the door for 13,150.

S1: 13250	R1: 13360
S2: 13200	R2: 13415
S3: 13145	R3: 13465