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German Dax is Looking For Extra Momentum 13/12/2021

Adel 13 December, 2021 11:59 am Daily Technical Analysis, Technical Analysis

Positive trading dominated the movements of the German DAX index on the Frankfurt Stock Exchange, trying to build on a 15,450 support level to record its highest level at 15,686.

On the technical side, the indicator needs more additional momentum to continue rising, and we notice that the RSI is trying to get positive signals on the short time intervals.

We may witness a positive trading session, but with caution, provided that we confirm the breach of 15,680 targeting 15,710 first target, knowing that its breach is a catalyst that contributes to consolidating gains to target 15,780. Trading below 15,550 leads the index to retest 15,550.

Note: The risk is high.

S1: 15550R1: 15710
S2: 15460R2: 15780
S3: 15390R3: 15875

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