DAXEUR

The last trading day of the week we left behind generally saw positive closings for European indices. While the EuroStoxx50 Index increased by 0.34%, the Dax Index managed to make a positive impression of 0.35%. This week, Eurozone PMI, German industrial production and German inflation will be monitored on the European side, while the statements of Fed members can be monitored throughout the week for the course of global risk appetite. 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 under the 17000 resistance, the 16800 - 16700 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: 16800 - 16700 Resistance: 17000 - 17100