The Dax 30 index rises as investors expect prolonged stimulus.
Price action is seeking support along the 30-day moving average after a new high above 15810. A first wave of profit-taking has made 15930 a key resistance. The bulls will need to push through once again before they could expect the rally to resume.
The RSI’s double-dip into the oversold area has attracted buying interest. 15650 is a major support to keep the short-term bullish bias intact. Failing that, there is a chance of a deeper correction towards 15440.
