DAXEUR

The Dax index began the last trading day of the week at 16740, suppressing the downward momentum as the US stock markets recovered after the sharp pullback the previous day. The DAX index, which will be released as the Fed's inflation indicator during the day, is expected to be negative as long as it moves below the 16700 - 16945 region with support from the 34-period average. If the movement continues below the 16700 support, 16526 - 16400 will be followed as short-term support levels. In declines, it is expected that sales will gain momentum as the index breaks the 16526 support downward. For positive expectations, the index may need to close above the 16945 level. The 17100 - 17300 levels can be targeted with the break of the 17000 psychological resistance. Support: 16626 - 16500 Resistance: 16800 - 16945