German Dax Breaks Support

The German DAX index incurred heavy losses in the last session, touching the stop-loss order published in the previous analysis at 15,445, recording its lowest level at 15,286.

On the technical side, the index broke the support-into-resistance level of 15,540, with the negative pressure of the 50-day moving average.

It makes us inclined to the negativity, conditional on confirming the break of 15,440, targeting 15,270, a first target, and losses may extend towards 15,090. The return of stability and stability above 1554 will postpone the bearish scenario, and we may witness positive trades targeting 15645. Note: The risk level is high 

S1: 15570	R1: 15645
S2:  15090	R2: 15840
S3: 14895	R3: 16020