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Positive trading dominated the movements of the German DAX index yesterday, building on 13,850 support and attacking the 14,056 level.
On the technical side, we are inclined to the positivity, relying on the positive signals coming from the 14-day momentum indicator on the short intervals and the positive motive for the 50-day moving average.
From here, and with stability in daily trading 13,900, the bullish bias is the most preferred, provided that we witness a clear breach of the resistance level of 14,085, and that extends the gains of the index to be waiting for 14,175 initial stations that may extend later to visit 14,260 as long as the price is stable above 13,900.
A decline below 13,885 can thwart the suggested scenario and put the index price under negative pressure toward 13,770.
Note: the level of risk may be high
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