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German Dax Continues to Decline

Adel 4 October, 2021 12:04 pm Daily Technical Analysis, Technical Analysis

Negative trading dominates the German DAX index movements, settling around the lowest level during today’s trading session at 15,080.

Technically, and with the stability of trading below support-into-resistance 15280 level, accompanied by the negative pressure of the simple moving averages.

This increases the possibility that we will witness a downward slope in the coming hours, targeting 14,980 first target, and then 14,850, unless rising above 15,345. Note: The risk level is high.

S1: 14980R1: 15345
S2:  14850R2: 15580
S3: 14620R3: 15710

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