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DAX Witnessing a Slight Bullish Tendency

Adel 30 October, 2020 11:33 am Daily Technical Analysis, Technical Analysis

The intraday movements of the German DAX index are witnessing a slight bullish tendency after a series of drops. Technically, the index is trying to settle above the support floor at 11440, and the RSI indicator strengthens the possibility that we will witness a slight bullish bias over short periods of time, with the aim of re-testing 14720 then 11760.

Warning: the mentioned intraday bullish tendency does not contradict the downside, with targets at 11330 then 11220 once the support level of 11440 is broken. Warning: The risks are still high.

S1: 11470R1: 11730    
S2: 11330    R2: 11840   
S3: 11215   R3: 11980   

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