The Dax continues to hold on to support. Though momentum is slightly stalling this morning. Trading around 15,829.

From a technical viewpoint, the Dax 40 index is currently trading at around 15,829. The index is still gradually rising and holding onto its support levels, support below sits at 15,794 (20-day MA) then at 15,710 (50-day MA) then at 15,574 (100-day MA). A dip below the 100-day MA would suggest that further downside play may occur to as low as 15,300. But as the bias remains bullish, towards the upside, resistance sits at 15,838 followed by a key level at 15,903. A break and close above 15,903 could see an attempt on the 16,000 mark. Looking at the technical indicators, MACD is positive but it is stalling and so is RSI as it reads 64. Again though, looks like momentum is stalling.