DAXEUR

In an environment where US stock markets broke records, European stock markets have not been able to display an effective performance since the beginning of the year. This week, the ECB interest rate decision and the statements of President Lagarde will be followed in terms of the messages she will give to the market after the decision. German PMI data can provide important data on how the markets will react to pricing at this stage. As long as the DAXEUR index moves within the 16600 - 16800 region with support from the 34-period average, the decision stage scenario is at the forefront. With the index breaking down the 16660 support, pullbacks towards the 16600 - 16400 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: 16600 - 16400 Resistance: 16800 - 16900