DAXEUR
On Thursday, when the ECB left interest rates unchanged, Lagarde made a hawkish tone, allowing the EURO to appreciate, while the DAX index was suppressed below the 17200 resistance. Eurozone and German PMI data will be monitored for index movements during the day. As long as the DAX index moves within the 16900 - 17045 region with the movement in the 8-period Envelopes indicator, the 17300 - 17400 levels can be targeted with the break of the 17200 psychological resistance. With the continuation of the movement under the 16900 support, 16726 - 16600 will be monitored as short-term support levels. In declines, it is expected that the sales will gain momentum with the index breaking the 16716 support downwards. Support: 16726 - 16600 Resistance: 16900 - 17045