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German DAX Retests Resistance

Adel 21 September, 2021 12:01 pm Daily Technical Analysis, Technical Analysis

Negative trading dominated the German DAX index, recording its lowest level during the previous trading session, around 14,966.

Technically, the current moves are witnessing a slight bullish slope that aims to gather the price to retest the 15,360 level before resuming the decline again. RSI supports the aforementioned bullish corrective slope. However, the general trend is still to the downside, and the breach of 14,960 will extend the index’s losses towards 14,770.

Note: The risk level is high.

S1: 14960R1: 15360
S2:  14770R2: 15560
S3: 14570R3: 15750

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