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German DAX Maintains Bullish Path

Adel 15 March, 2021 12:06 pm Daily Technical Analysis, Technical Analysis

The German DAX index maintains positive stability, recording its highest level during early trading for the current session 14,561.

Technically, we tend to be positive in our trades depending on the positive motive coming from the 50-day moving average, in addition to trading stability above the support level of 14,480 and in general above 14,390.

Today we target 14,590 as a first target, and the breach thereof is a catalyst that enhances the chances of the upside move towards 14,635. The activation of the expected bullish scenario depends on the stability of daily trading above the support floor of 17,390.

S1: 14480R1: 14595    
S2: 14410    R2: 14635   
S3: 14370   R3: 14710   

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