Sentiment: Bullish inside red channel. (Bullish) Trend Strength: Moderate Close above R1 and we will see further rise. Close below channel and next stop will be S1. In bigger picture pair is flat while between R1 and S1. Seems like coup was just in time because, as you see, channel support has worked perfect.
Sentiment: Bearish inside red channel. (Bearish) Trend Strength: Moderate Pair rose from S1 which was our buying place last week. First target should be R1, which is potential selling place. Close above R1 would confirm deeper correction. It would cancel selling. Close above channel would be bullish sign.
Sentiment: Bullish inside red channel. (Bearish) Trend Strength: Moderate Pair fell from R1 which was our selling place last week. To confirm further rise need close above R1. R1 is also Weekly resistance zone that's why need Weekly candle close above it. Close below S1 and next stop will be channel support. Close below channel would be sign of weakness.
Sentiment: Bullish inside red channel. ( Bullish ) Trend Strength: Moderate Seems like DAX1.43% could try to touch R1. (see red arrow) Close above R1 would confirm rise towards R2. If stays below DAX1.43% will resume correction towards Monthly S1. Sooner or later DAX1.43% will reach red channel support. Maybe it will be good long-term buying opportunity.