German Dax Settled Support Floor

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