DAX recovers from early losses

DAX has recovered from recent sell off and prices have bounced back from the lows of 15070 support areas as retail traders joined in for value buying at lower levels.

Recovery in German index from 15070 to 15480 shows buyers resolve to buying the dips during corrections.

Intraday H4 chart Stochastic reading of 95/87 DAX is approaching overbought areas with potential for a pull back to 15350-15250 and even test 15150

Sustained move above 15400 area may extend recovery to 15550 and 15650 resistance zone.