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Negative trading continues to pressure the German DAX index, recording its lowest level during the last session around 13,670.
On the technical side, today the index’s current movements are witnessing intraday stability above 13,750, and in general, above 13,720, as we find positive signs that started appearing on the RSI on the short time frames.
We may witness a limited bullish tendency in the coming hours, provided that we witness a clear and strong breach of the 13,980 level to target 14,020, a first target that may extend later to visit 14,100 as long as the price is stable above 13,720.
The return of trading stability below 13,720 leads the index to the official descending path, in which its initial targets are located around 13,540. Note: the aforementioned bullish slope does not contradict the general bearish trend.
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