German Dax Trying to Recover Temporarily

The German DAX index managed to touch the official target that is required to be achieved during the previous report, located at the price of 15,930, recording its highest level of 15,932.

We tend in our trading to the positivity today, relying on the stability of the intraday trading above 15,830, and in general above 15,780, accompanied by the index obtaining a positive stimulus from the 50-day moving average.

We maintain our positive outlook, provided we confirm the breach of 15,930, targeting 16,000 and 16,060, respectively. Trading below 15,780 will stop the attempts to rise and put the index’s price under strong negative pressure, with its initial target of 15715. Note: The risk level is high.

S1: 15780	R1: 15925
S2:  15715	R2: 16000
S3: 15640	R3: 16065