In line with the forecasts, European Central Bank kept the interest rates steady as a result of its meeting held today. ECB also noted that the Governing Council will continue to conduct net asset purchases under the PEPP with a total envelope of €1,850 billion until at least the end of March 2022 and, in any case, until it judges that the coronavirus crisis phase is over. Following the decision, DAX40 showed no reaction and considering that the Bank’s support will continue, we believe bullish moves will continue. If the index stays above 15 600, we will follow 15 750 and 15 820 resistance levels. On the other side, 15 485 will be on our radar below 15 600.