DAXEUR

Last week, European stock markets could not join the rise of US stock markets. German CPI data announced on Friday was announced in line with expectations. DAXEUR opened the first trading day of the week at 16950. The course of US and European stock markets can be followed during the day for the DAXEUR index, which started the day with a sell-off. We are following the 16900 - 17000 region with support from the 20-period exponential moving average of the DAXEUR index. As long as the index moves within the relevant region, we are following the decision-making stage scenario. For positive expectations in the index, it may be necessary to follow a persistence above the 17000 level. With the surpassing of the 17000 level, increases towards the 17100 level can be seen. In the alternative scenario, the 16900 level and then the 200-period average (16800) levels can be followed as support. Support: 16900 – 16800 Resistance: 17100 – 17200