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The German DAX maintains its gains during morning trading.
On the technical side, we tend to be positive, depending on trading remaining above the strong support level at 13,160, in addition to the positive stimulus coming from the 50-day moving average.
The first target is located around 13,320/13,340, and the breach of the aforementioned level is a catalyst that enhances the chances of an upside move towards 13,370.
The return of trading stability below 13,160 is able to negate attempts to rise and puts the price under strong negative pressure, targeting 13,060.
Note: the level of risk is still high.
| S1: 13180 | R1: 13320 |
| S2: 13100 | R2: 13370 |
| S3: 13045 | R3: 13450 |
