German DAX Retests Support

For the second consecutive session, the German DAX index failed to stabilize above the pivotal resistance level at 15840 prices, forcing it to trade with intraday negativity.

Technically, we notice some clear negative signs on stochastic, gradually missing the bullish momentum, which might push the index to trade negatively in the coming hours, targeting 15,550 first target, knowing that breaking it puts the price under temporary negative pressure targets 15,490 and 15,450.

A breach above the resistance level of 15,700 will lead the index to visit 15,785 and 15,850, respectively.

Note: The risk level is high

S1: 15550	R1: 15695
S2: 15490	R2: 15785
S3: 15390	R3: 15850