German Dax And Positivity Need Confirmation

Positive trading dominated the movements of the German DAX index touching the pivotal resistance level published in the previous analysis at 15800 price, which is an important condition to continue the rise.

On the technical side, with the index’s price remaining above the support level of 15,700, accompanied by the attempts of the 50-day moving average to push the price to the top. The increase in the possibility of resuming the rise, but provided that the breach of the resistance level 15,785/15,800 is confirmed, and that facilitates the task required to visit 15,830 and then 15,870.

Confirmation of breaking 15,700 will activate the bullish scenario and lead the index to negative movements, its initial target is 15,660, while its official target is around 15,600.

S1: 15700	R1: 15785
S2: 15660	R2: 15830
S3: 15600	R3: 15870