Dax Touches Desired Goals

Notable positive moves dominate the German DAX index within a bullish path, as we expected touching the required official station at 14,060, to record its highest price of 14,060 during early trading for the current session.

We tend to be positive in our trading, depending on the positive motive coming from the 50-day moving average, in addition to the index’s success in building a base on the support floor of 13,950.

We are targeting 14,110 the first target, bearing in mind that breaching it is a catalyst that enhances the chances of a rally towards 14,160.

The activation of the bullish scenario depends on trading remaining above 13,950.

Note: The level of risk may be high.

S1: 13950	R1: 14110
S2: 13850	R2: 14160
S3: 13795	R3: 14260