Can the DE30 prevent a trend reversal?

The German benchmark index is testing the most important short-term support.

D1 chart

The DE30 slipped below the low at 14,117 points for a brief period on Thursday, similar to yesterday afternoon - this is where the latest upward impulse was initiated. Today's close could determine whether a change in direction is imminent or whether a new upward impulse will be launched.

Source: xStation5

H1 chart

The bulls have so far been able to prevent a downward breakout, but without a rise above the local high at 14,454 points, the short-term trend structure remains bearish. Only a sustained rise above this resistance as well as above the moving averages would indicate a reversal. 

Source xStation5

Maximilian Wienke, CFTe
XTB Germany