DAXEUR

The past day saw a mixed trend in European stock markets. Due to both the Fed and UK interest rate decisions on the agenda and the geopolitical risk environment, the DAXEUR index closed yesterday in the negative zone. This week, the BoE and Fed interest rate decisions, as well as the German growth data to be announced on Tuesday and the German inflation data to be announced on Wednesday, are among the headlines to be followed for the DAXEUR index, as they are leading data. As long as the DAXEUR index continues to move above the 16900 - 17000 region with support from the 34-period average, positive expectations are at the forefront. In the continuation of the rise, the 17100 - 17200 level can be followed as resistance. In possible declines, the index can be expected to be suppressed around the 17100 resistance and close below the 16900 - 17000 region for negative expectations. In this case, pullbacks towards the 16800 - 16726 levels can be observed. Support: 16800 – 16726 Resistance: 17100 – 17200