The Dax 30 inches up, thanks to the support from last week’s recovery momentum.
Price action has spent the past week consolidating gains after a V-shaped rebound. The narrowing range indicates stiff pressure from both sides and a breakout would dictate the direction for the days to come.
The bulls are striving to push back to the previous high at 15800. Then the psychological all-time high of 16000 would be within reach. On the downside, a drop below 15500 would prolong the correction to 15400.
