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German Dax Settled Support Floor

Adel 24 June, 2021 12:03 pm Daily Technical Analysis, Technical Analysis

The German DAX index came close to achieving our first target published during the previous analysis, located at 15,675, to settle for recording its highest level at 15,654.

Technically, we still tend to be positive, but cautiously, relying on the stability of the intraday trading above the support floor of 15420, within the attempts of the RSI to gain bullish momentum.

Confirming the breach of 15,500 is a prerequisite for obtaining a daily bullish trend with the first target of 15,595 and then 15,680.

Warning: The level of risks is high

S1: 15370R1: 15595    
S2: 15290    R2: 15730   
S3: 15150   R3: 15820   

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