• Major support – 12040 (trend line joining 11463 and 11849).
   
• The index has formed a temporary top around 12387 on Apr 3rd 2017 and declining from that level.
   
• DAX30 is facing trend line support at 12040 and any close below will drag the pair down till 11849/11463.
   
• The index should break above 12387 for further bullish continuation. Any break above 12387 will take the index till 12595 (161.8% retracement of 12387 and 12044).
   
• The near term resistance is around 12254 (61.8% retracement of 12387 and 12044) and nay break above targets 12387.
  
  It is good to sell below 12040 with SL around 12254 for the TP of 11850/11465.