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The German DAX was able to apply the bullish scenario as we expected, surpassing the initial target to be achieved 12895/12890, shy of few points from the second goal 12965, recording its highest at 12947.
Technically, the current movements of the index may witness a slight bearish tendency due to the loss of momentum, and we biased to negatively trades, but with the condition of confirming a break of 12840, which will facilitate the mission of visiting 12770, noting that breaking the latter puts the price under negative pressure, so we will be waiting for 12665.
On the other hand, rising and stabilizing above 12960 is able to negate the bearish intraday scenario and lead the pair towards gains at 13050 then 13150.
| S1: 12770 | R1: 12960 |
| S2: 12665 | R2: 13050 |
| S3: 12580 | R3: 13150 |
