DAXEUR

For DAXEUR The contraction in the German economy the other day suppressed risk appetite. ECB member Holzmaan's statement that ongoing inflation will prevent the ECB from lowering interest rates this year also created pressure on stock markets. The DAXEUR index completed the day in the negative region close to 0.5%. The German ZEW index to be announced today 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 DAXEUR 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 16400 - 16200 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: 16400 - 16200 Resistance: 16800 - 16940