Dax Touches Desired Targets

The German DAX index succeeded in achieving the second target to be touched during the previous analysis, located at a price of 14,170, to succeed in reaching its highest level at 14,193.

On the technical side today, we tend to be positive in our trading, relying on the stability of trading above the support level of 13,960 and in general above 13,920, which is accompanied by the positive motivation of the 50-day moving average.

Therefore, we maintain our positive outlook, knowing that confirming the breach of 14,140 facilitates the task required to visit 14,270. Breaking 13,920 is able to negate the attempts to rise, and the index is exposed to negative pressure that forces it to retest 13840.

Note: The level of risk may be high.

S1: 13920	R1: 14080
S2: 13810	R2: 14140
S3: 13745	R3: 14245