DAX on the rebound despite German IFO index miss

The latest German IFO business climate index has just been released and it has missed on expect actions. The index was expected to rise to 85.8. After the revision to the previous number (85.2) it has not actually risen at all, because the index was just released at 85.2. The current assessment has also missed. The is at 85, where the markets were looking for a number around 86.3. The EUR/USD has not fallen though, as it was close to European session lows anyway and down some way from the earlier Asian high, at 1.0528.  As to whether it will fall further remains to be seen.The DAX has also rebounded now too. If you want an explanation for that, there is nothing on offer here, over and above the prospect that the drop to a low at 22,248 earlier this morning looked like a clear-cut technical move, closing the opening gap when live trading resumed, to where the index had closed on Friday. The DAX is right now at 22,455