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The German DAX index failed to achieve the required positive outlook mentioned in the previous analysis after it failed to maintain the trading level above 13,870, and the most important 13,910.
On the technical side, we tend to be negative, relying on the intraday trading below 13,870 accompanied by negativity on the stochastic on the 240-minute time frame.
We are targeting 13,620 in the coming hours, the first target, bearing in mind that breaking the aforementioned level increases the strength of the daily bearish trend with the goal of 13,490.
Rising again above 13,910 negates the suggested scenario, and the index will recover again in order to retest 14,040.
Note: The risk level may be high.
| S1: 13620 | R1: 13910 |
| S2: 13495 | R2: 14070 |
| S3: 13335 | R3: 14195 |
