Here is weekly log spread chart BUND/DAX. Spread is SHORT, i selected LONG because i meant DAX.
What i see there is, that spread is in downtrend, after resistance and long ema test 13/10/14. At monthly chart heavy downtrend. Recently occured rebreak of short ema down (unlike in trend reversals in 2001 and 2009 - green arrows), shortterm momentum broke down too. If spread will fall under 1.5, then very long support trendline could be tested again and probably broken this time, target 1.2.