DAXEUR

Despite the increase in German bond yields the day before, the DAXEUR index managed to close the day with a 0.25% premium. The course of the US and European stock markets and the German CPI data can be followed during the day for the index, which started the last trading day of the week with a sell-off. We are following the 16900 - 17000 region with support from the DAXEUR index 34-period average. Positive expectations on the relevant region are prominent. In the continuation of the rise, the 17100 - 17200 levels can be followed as resistance. In the alternative scenario, the index can be expected to accelerate the pullbacks by falling below the 17000 support for negative expectations. Support: 16900 - 16700 Resistance: 17100 - 17200