Noor Trends News, Technical Analysis, Educational Tools and Recommendations
The German DAX index made positive attempts, benefiting from stability above the intraday support floor of 15,800.
Technically, we tend to the positivity, relying on the stability of trading above the mentioned support, accompanied by the positive motive of the 50-day moving average.
Therefore, the bullish bias is likely today, provided that we witness a clear and strong breach of the 15,870 levels, and this will facilitate the task required to visit 15,920 and 15,980 respectively, and the gains may extend later towards 16,040.
The breach of the pivotal support level 15,730 will negates the activation of the mentioned scenario completely and put the index price under strong negative pressure targeting 15,620. Note: the risk level is high.
| S1: 15730 | R1: 15920 |
| S2: 15625 | R2: 15980 |
| S3: 15555 | R3: 16090 |
