With the fear of reflation now taking a backseat, improved risk sentiment is pushing equity markets into new highs.
The DAX has built a floor around 15160 following the latest rectangle consolidation. Bullish candles above the previous high at 15360 could draw more momentum players into the game.
The 20-hour moving average crossing the 30-hour one is the final confirmation that the uptrend is picking up speed again. 15270 is the demand zone if the index falls back in search of more bids.
