DAX had a positive day on Monday. The index gapped upwards from 12200 to the 12230 mark. The buying bias remained in place after that and the benchmark moved to the 12350 area where buyers lost momentum. When the buying pressure weakened the rate pulled back to 12300. The moving averages are pointing lower. MACD is growing in the negative territory pointing to buyers' strength. RSI is heading higher towards the overbought zone. The resistance stands at 12400, the support is at 12300.
Now when 12300 is broken the level 12400 became the probable bullish target.