DAXEUR

Dax index The day before, retreats were observed in European stock markets parallel to the selling pressure in the US stock markets. While the FTSE100 positively diverged with the declining UK inflation, the German industrial average DAX broke the 16800 support downwards. The course of the US and European stock markets can be followed for index movements during the day. As long as the DAX index moves below the 16800 - 16945 region with support from the 34-period average, negative expectations are at the forefront. If the movement continues below the 16800 support, 16626 - 16500 will be followed as short-term support levels. In declines, sales can be expected to gain momentum with the index breaking the 16626 support downwards. For positive expectations, the index may need to close above the 16945 level. With the break of the 17100 psychological resistance, 17200 - 17300 levels can be targeted. Support: 16626 - 16500 Resistance: 16800 - 16945