DAX Under Selling Pressure

The current movements of the German DAX index are witnessing positive trading and the index is hovering around its highest level of 15,700.

On the technical side, and with the index’s success in building support floor at 15,630 and in general above 15,570, which is accompanied by the continuation of the index getting a positive stimulus from the simple moving averages.

Therefore, the bullish trend is likely today, targeting 15,760 first targets, and then 15,830 next stations, with targets may extend later to visit 15,900.

The return of trading stability and the price stability below 15,570 will stop the bullish trend immediately, and we may witness negative trades, with its initial target located around 15,445.

Note: the risk level is high.

S1: 15570	R1: 15760
S2:  15445	R2: 15830
S3: 15385	R3: 15950