DAX 30 has significantly declined this week, the price has reached an important intraday support area (11623 - 11694). If the price will break this support then this corrective movement will continue. DAX 30 index has reached a historically high on April 10 at 12398, 5. The price had broke the resistance from 12220.1 and everybody expected to see the index moving higher but this was only a false break and the price has returned below 12220. You can see that the price has broken the short term trend line. If this downward movement will continue then most likely the price will approach the daily uptrend line. The major support level is at 10049.
This bearish momentum is also due to the concerns on Greece's debt, this situation has a negative effect on risk sentiment, the investors will try to protect themselves if Greece will exit the Euro zone.