DAX is trading in a falling channel like pattern with strong support at around 15,482. The rising 200 Moving Average adds to the support.
RSI is showing negative sentiment indicating a new attempt at breaking the support could be seen.
DAX is also currently trading below declining 55 and 100 Moving Averages adding to the downtrend picture.
A close below 15,482 could see DAX being pushed down to around the 15K support area.
To demolish and reverse the bearish picture a close above 16,060 is needed.
However, do expect DAX to be range bound between 15,482 and 16,000 the next 5-8 trading days