Negativity Dominates German Dax

Negative trading is dominating the DAX, recording the lowest price at 12701.

The technicals indicate the possibility of continuing the decline, with trading remaining below the previous broken support level 12880, and most important 12920, in addition to the index continuing to receive negative pressure from its simple moving averages.

Consequently, the bearish bias will be likely today, targeting 12670 and may extend later towards 12610. By returning to trading above 12920, it negates attempts to decline and the index begins to regain its losses with the initial target of 13130. Warning: The level of risk is high.

S1: 12670	R1: 12800
S2: 12610	R2: 12880
S3: 12540	R3: 12930