The DAX consolidates gains as investors weigh high valuations against the pace of recovery.
On the daily chart, a bullish MA cross is a sign of acceleration in the rally after a six-week-long consolidation.
The index is currently looking for support from the 20-day moving average (15475). Bullish sentiment remains strong as long as buyers hold above this key level. Failing that, 15350 would be the next line of defense.
On the upside, a recovery to 15720 would bring in momentum players for a runaway rally.
