DAXEUR

The previous day, Germany's December industrial production fell by -1.6% monthly, below expectations of -0.5% and recorded the biggest decline in the last 9 months. The DAXEUR index finished the day in the negative region of 0.6%, and started the new day with buyers. We are following the 16900 - 17000 region with support from the DAXEUR index's 34-period average. Positive expectations on the relevant region are prominent. In the continuation of the rise, 17100 - 17200 levels can be followed as resistance. In the alternative scenario, it can be expected that the index will fall below the 17000 support for negative expectations, and the pullbacks will accelerate. If it breaks this level down to the 16900 support first, a pullback to 16700 may be experienced. Support: 16900 - 16700 Resistance: 17100 - 17200