The Dax is gearing up to test the resistance sitting at 15,688. A break and close above this level may see the index rise higher towards 15,800.

From a technical perspective, we can see that the Dax is currently trading at around 15,682. The index is gearing up to test the resistance level sitting at 15,688. A break and close above this level may see it rise higher towards 15,800. The support levels are established below, 15,597 (along the upper trendline line) followed by 15,552. A break below 15,552 may see the index decline further towards support sitting at 15,474. Even at 15,474, the bias would remain bullish unless this level was broken towards the downside. Looking at the indicators, MACD is slightly negative but RSI is positive as it reads 68.