DAX Tries to Rise

Positive moves dominate the DAX index, to record its highest-level during morning trading for the current session at 12785.

Technically, looking at the 60-minute chart, we see that the RSI is stable above the Midline with a positive motive of the 50-days moving average.

We believe that we are witnessing a bullish bias on short time frames, with an initial target of 12810 followed by 12870.

On the downside, trading below 12675 negates attempts to rise, and we may witness a bearish bias targeting 12630. Warning: The level of risk may be high.

S1: 12700  R1: 12765  
S2: 12675R2: 12810   
S3: 12630   R3: 12870    

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