German Dax Facing Negative Pressure

Negative trades dominated the movements of the German DAX, touching the first target of 15,810 and approaching by a few points from the second target 15,770, to post a low of 15,799.

On the technical side, we tend to be negative, but cautiously, relying on the stability of the intraday trading below the resistance level 15,930 and in general below 15,960, in addition to the negative pressure coming from the 50-day moving average.

We target 15,830, a first target, and breaking it will extend losses so that the road will be directly open towards 15,745. rising above 15,960 is able to thwart the bearish scenario completely, and the index recovers temporarily with the aim of visiting 16,000, and gains may extend towards 16,030.

Note: the level of risk is high

S1: 15830	R1: 15960
S2:  15745	R2: 16000
S3: 15690	R3: 16090