German Index Recovery: Breakout or Just a Bounce?

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German Index Recovery: Breakout or Just a Bounce?German 40 IndexPEPPERSTONE:GER40Maroko86The German index is showing signs of recovery ahead of the London session, but the key question is whether this is a genuine shift or just a retracement. Price is holding around 23,550 support, and if we see a break and sustained move above 23,800, buyers could gain control and open the door for further upside. So what happened with the sentiment? Political and economic factors are adding strength to improving German and Eurozone PMI data, better business sentiment, and expectations of ECB support are all lifting confidence. But before you hit the BUY button remember 23,800–24,000 remains a critical resistance zone, and how price reacts there will decide if this bounce continues or if sellers' step back in. This is not financial advice =)