German Dax Establishes a Decent Support Ground

Positive trading continues to dominate the movements of the German DAX index within the expected bullish path, heading towards its first target 15,610, recording its highest level 15,618.

Technically, we will maintain our positive outlook, relying on the stability of trading above the 15,540 support level, accompanied by the continuation of the index obtaining a positive stimulus from the 50-day simple moving average in support of the bullish price curve. Thus, confirming the fabrication of 15,610 opens the way to touching the second target, 15,640, and then 15,680, the next station from

A look that may extend its targets later towards 15,740. From below, a break of 15,530 will postpone the chances of a rise, and we will witness a bearish slope targeting 15,460.

Note: The risk level is high.

S1: 15530	R1: 15640
S2: 15460	R2: 15680
S3: 15420	R3: 15745