European Central Bank members have not mentioned about monetary tightening yet. And inflation data indicating the pressure is declined on prices in Eurozone and low risk setting in financial markets supported bullish moves of the index. Consequently, DAX 40 set a new record again. As long as it stays above 16 000, rises will continue and target 16 375 and 16 500. On the other side, in case of a decline below 16 135, we will follow 16 000 and 15 880 support levels.