DAXEUR

Last week, ECB President Lagarde made several statements at the Davos Summit, which caused the markets to reduce interest rates. While a horizontal negative trend dominated European stock markets throughout the week, President Lagarde's statements will be monitored this week in terms of the ECB interest rate decision and the messages she will give to the market after the decision. The ECB is expected to keep the interest rate constant at 4.5%. As long as the DAXEUR index moves within the 16526 - 16700 region with support from the 34-period average, the decision-making stage scenario is at the forefront. With the index breaking down the 16526 support, pullbacks to the 16400 - 16200 levels may come to the agenda again. In possible recoveries, pricing towards the 16800 - 16900 levels can be observed with the index closing above the 16700 resistance. Support: 16400 – 16200 Resistance: 16800 – 16900