German Dax Based on Support

The German DAX index maintained its gains, continuing its gradual rise to the top, approaching a few points difference from the target required to be achieved during the previous analysis, 13,790, recording its highest level of 13,760.

On the technical side, as the index continues to receive a positive stimulus from the 50-day moving average, in addition to the positive signs coming from the RSI on short time frames.

Therefore, with the intraday trading remaining above 13,560, the bullish scenario will remain valid and effective, knowing that confirming the breach of 13,720 extends the index’s gains, opening the way towards 13,790/13,795, and the gains were made towards 13,830.

Trading again below 13,560 delays the bullish chances, but does not cancel it, and we may witness a re-test of 13,440 before rising again.

Note: The level of risk is high

S1: 13560	R1: 13730
S2: 13485	R2: 13830
S3: 13380	R3: 13900