DAXEUR

DAX INDEX The DAXEUR index, which was closed for two trading days due to Christmas, entered Christmas Day with a picture tightening around the 20-period average. The course of the US and European stock markets can be followed in the week when the data flow will be generally calm for the index, which started the last week of the year at 16800. The DAXEUR index is supported by the 34-period average and the positive expectation is at the forefront over the 16826 - 16890 region. In increases, the 16890 - 16980 levels can be monitored as resistance. With the breakdown of the 17100 psychological resistance, the 17200 - 17300 levels can be targeted. In the alternative scenario, the index can remain below the 16790 support and a downward trend can come to the fore. In possible pullbacks, the 16726 - 16600 levels can be monitored as support. Support: 16726 - 16600 Resistance: 16890 - 16980