Germany’s DAX Continues to Achieve Bullish Goals

The German DAX index succeeded in touching the official station to be achieved, which is located at 13,580, recording its highest level of 13,587.

On the technical side, the index is successful in building a base on the 13,500/13,490 support floor, temporarily supporting the upside, in addition to the positive stimulus coming from the simple moving averages that continue to hold the price from below.

Therefore, confirmation of the breach of 13,580 is a motivating factor that encourages us to maintain our positive expectations, targeting 13,640 first targets, then 13,710.

Activating the suggested scenario requires stability in general above 13,445. Note: the risk level may be high.

S1: 13445	R1: 13640
S2: 13320	R2: 13710
S3: 13245	R3: 13840