DAXEUR

For DAXEUR Last week, European stock markets adapted to the oppressive outlook as the decline in German industrial production negatively affected the regional economy. While geopolitical risks are expected to affect the course of the stock markets throughout the week, the German ZEW index to be announced tomorrow and the US economic activity data to be followed in the middle of the week are among the headlines to be watched for index movements. As long as the DAX40 index remains below the 16690 -16800 region with support from the 34-period average, negative expectations are at the forefront. In the continuation of the pullbacks, the 16626 - 16510 levels can be followed as support. In possible recoveries, prices towards the 16800 - 16940 levels can be watched with the index closing above the 16800 resistance. Support: 16626 - 16510 Resistance: 16800 - 16940