German Dax Faces Temporary Negative Pressure

The German DAX found a strong resistance level around 13,780, which is currently pressing prices on the short time frames.

Technically, we tend to be negative, depending on the clear negative signals on the RSI, in addition to the intraday stability below 13,470.

Therefore, we believe that there is a possibility of a bearish tendency in the coming hours, targeting 13,600, and breaking it will increase the negative pressure on the index to 13,550, the next target.

From the top, the stability once again above 13,740 will immediately stop attempts to decline and Dow will recover again, with the first target of 13,830.

S1: 13605	R1: 13740
S2: 13555	R2: 13830
S3: 13465	R3: 13880