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Germany’s DAX Maintains Its Gains

Adel 16 December, 2020 12:00 pm Daily Technical Analysis, Technical Analysis

Positive trading dominated the German DAX index, surpassing the required target at 13380, posting a high at 13427.

On the technical side, the price has stabilized above 13,265, accompanied by positive signs of the RSI. It encourages us to maintain our positive outlook, provided that the breach of 13,430 is confirmed, targeting 13,495 as a first target, and may extend later towards 13,580.

Stability below 13,265 will postpone bullish opportunities, and we may witness re-news of 13,180 and may extend to 13,1130.

Note: The risk level is high.

S1: 13265R1: 13495    
S2: 13110    R2: 13580   
S3: 13030   R3: 13730   

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