The sentiment is mixed after spillover from China’s crackdown on its technology sector. The DAX 30 index has recovered most of its recent losses and is testing the key resistance at 15700.
The RSI’s double top in the overbought area has so far tempered the bullish fever.
A breakout could help build up momentum and clear the last resistance at 15810. On the downside, 15500 is the fresh support to let buyers catch their breath. A deeper correction could send price action towards 15200.
