Noor Trends News, Technical Analysis, Educational Tools and Recommendations
The DAX opened on a bullish bias, taking advantage of building a base on support floor at 13045.
The technicals indicate the potential for the rally to resume, given the positive stimulus from the 50 SMA that is holding the price, in addition to the index continuing to gain upward momentum from the RSI.
The bullish scenario will remain intact, targeting 13320, and breaking it will extend gains towards 13400.
On the downside, confirming a breach of 13000 negates the bullish scenario and puts the price under temporary negative pressure, its first target at 12870. Warning: risks are still high.
| S1: 13045 | R1: 13320 |
| S2: 12870 | R2: 13420 |
| S3: 12770 | R3: 13590 |
