DAXEUR

DAX INDEX The DAX40 index, which managed to end the previous year with an annual increase of 18%, opened the first week of the year, in which we will follow the inflation data of Germany and the Eurozone, at 16780. During the day, Germany-Eurozone and US Manufacturing PMI data can be followed due to their possible effects on the index. As long as the DAX40 index moves within the 16690 - 16850 region with support from the 34-period average, the decision-making stage scenario is at the forefront. For positive expectations, the index can be expected to rise above the 16900 level. In increases, the 17090 - 17200 levels can be monitored as resistance. In the alternative scenario, the downward trend can come to the fore with the index remaining below the 16780 support. In possible pullbacks, the 16626 - 16400 levels can be monitored as support. Support: 16726 - 16600 Resistance: 16890 - 16980