German Dax Trying to Recover Temporarily

The German DAX index provided positive trades at the end of last week’s trading, benefiting from a base at the 15,645 support level.

On the technical side today, we tend to the positive side, relying on the stability of the intraday trading above 15,740, accompanied by the attempts of the stochastic to obtain additional momentum.

Therefore, we may witness a slight bullish bias targeting 15,870/15,875, a first target, taking into consideration that the confirmation of breaching the mentioned level is a motivating factor that enhances the chances of touching 15,930.

Trading below 15,740 invalidates the bearish scenario, and we may witness negative trades, with targets start at 15,695 and extend to visit 15,580. Note: The general trend is still a bearish trend. Note: The risk level is still high.

S1: 15695	R1: 15875
S2:  15580	R2: 15940
S3: 15520	R3: 16045