Noor Trends News, Technical Analysis, Educational Tools and Recommendations
The German DAX index succeeded in touching the first official target mentioned in the previous analysis, located at 14,000, to record its highest level at 14,010 during the morning period of the current session.
On the technical side, the 50-day moving average is still holding the price from below, and we find the RSI indicator providing signs that tend to be positive.
Therefore, a bullish bias is likely today, as long as the breach of 14,000 is confirmed, targeting 14,090 the first target and may extend later towards 14,140.
The activation of the suggested scenario above depends on trading remaining above the support floor of 13850.
Note: the level of risk may be high today.
| S1: 13850 | R1: 14010 |
| S2: 13775 | R2: 14090 |
| S3: 13685 | R3: 14160 |
