German Dax Benefits From Support And Positivity Remains

Positive trading returned to dominate the movements of the German DAX index, approaching a few points difference from the anticipated target during the previous analysis at a price of 15,480, to record its highest level at 15,460.

Technically speaking today, we are biased towards the positivity, depending on the stability of trading above the support level of 15,370/15,340 in addition to the positive stimulus coming from the simple moving averages that continue to hold the price from below.

Therefore, the bullish bias is likely today, targeting the 15470 first target, knowing that its breach is a catalyst that increases the possibility of hitting 15,520 official stations.

To be reminded that activating the suggested bullish scenario requires the pair to cross above 15,340. Note: the risk level is still high.

S1: 15370	R1: 15470
S2: 15315	R2: 15520
S3: 15270	R3: 15570