DAXEUR

Powell's hawkish statements regarding the March rate cut also had a negative impact on the European session. While the DAXEUR closed yesterday in the 2% negative region, today's non-farm payrolls data can be monitored due to its possible effects on the index. Balance sheet time may cause volatility in German stocks, it is useful to follow the balance sheets especially on the industrial side very carefully. Balance sheets in the automotive and heavy industry are very important, we are monitoring the DAXEUR index in the 16900 -17000 region with support from the 34-period average. As long as the index is below the relevant region, negative expectations are at the forefront. In the continuation of the pressure below the 17000 resistance, the 16900 - 16800 levels can be monitored as support. For positive expectations, the index can be expected to remain above the 17000 resistance. In this case, the 17100 level can be targeted upwards. Support: 16900 – 16800 Resistance: 17000 – 17100