German DAX Looking For Extra Momentum

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