DAXEUR

For DAXEUR The statements from ECB and Fed members the other day reduced the expected interest rate cut possibilities of major central banks for this year, while European indices followed a negative course in parallel with US indices. During the day, European Central Bank President Lagarde will speak at the World Economic Forum in Davos. The statements of FOMC members Barr and Bowman are also among the topics to be followed. As long as the DAXEUR index remains below the 16426 - 16500 region with support from the 34-period average, negative expectations are at the forefront. In the continuation of the pullbacks, 16300 - 16100 levels can be followed as support. In possible recoveries, prices towards 16590 - 16700 levels can be followed with the index closing above the 16500 resistance. Support: 16300 - 16100 Resistance: 16500 - 16700