German Dax Continues to Hit Targets

The German DAX index succeeded in achieving the target required mentioned in the previous report, located at a price of 13,420, reaching its highest level at 13,453.

On the technical side, we tend to be positive in our trading, relying on the index above the support floor of 13,245, which is accompanied by the positive stimulus of the 50-day moving average.

Consequently, confirming the breach of 13,450 increases the strength of the daily bullish trend, so that we are waiting for 13,525 and gains may extend later towards 13,590.

The activation of the suggested scenario depends on the price remaining above 13245.

Note: the level of risk may be high.

S1: 13245	R1: 13420
S2: 13175	R2: 13525
S3: 13070	R3: 13595