German DAX Maintain Bullish Bias

The technical outlook remains unchanged, and the index’s movements did not change significantly, preserving positive stability. 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, the bullish bias is likely today, provided that the breach of 13,920 is confirmed, targeting 13,990 the first target and may extend later towards 14,090.

The suggested scenario depends on trading remaining above the support floor of 13,850.

Note: The risk level may be high today.

S1: 13755	R1: 13920
S2: 13660	R2: 13995
S3: 13585	R3: 14090