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German DAX Looking For Extra Momentum

Adel 14 January, 2021 11:50 am Daily Technical Analysis, Technical Analysis

Narrow-range sideways trades dominated the German DAX index to settle above the support floor 13,865/13,860.

On the technical side, we are biased towards the intraday positivity, depending on the stability of trading above the aforementioned support, in addition to the positive signs of the RSI indicator on short time frames.

We are targeting 13,980 first targets, and breaching them extends the gains towards 14,030 next targets. Trading below 13,850 negates the suggested scenario completely, and we are witnessing downside moves targeting 13,810/13,800.

S1: 13865R1: 13980    
S2: 13805    R2: 14030   
S3: 13755   R3: 14090   

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