DAX Under Selling Pressure

Mixed trading tends to negatively dominate the movements of the German DAX traded on the Frankfurt Stock Exchange, with the current moves witnessing a bearish tendency as a result of the index’s failure to maintain trading above 15680.

We may witness a bearish bias in the coming hours as the indicator continues to receive negative signals from the RSI, which coincides with stochastic negativity. Therefore, we see 15540 as the first target, followed by 15500. Breaking the mentioned levels would strengthen the downward bias, opening the way to visit 15460.

Trading above 15680 will stop the suggested bearish scenario immediately, and we would see the index recovers, targeting 15740.

Warning: The risk level is high.

S1: 15535	R1: 15680
S2:  15455	R2: 15740
S3: 15390	R3: 15820