DAXEUR

The DAXEUR index was positive ahead of the US inflation data to be announced today. The DAXEUR index futures contract, which started the second trading day of the week with a sell-off, will be followed by Germany ZEW survey data and US January consumer inflation data. We are following the 16900 - 17000 region with support from the 20-period exponential moving average for the DAXEUR index. We are following the decision-making stage scenario as long as the index moves within the relevant region. For positive expectations in the index, it may be necessary to follow a persistence above the 17000 level. With the 17000 level being exceeded, increases towards the 17100 level may be seen. In the alternative scenario, for negative expectations, it is expected that the index will fall below the 16900 support and the pullbacks will accelerate. In this case, the 16800 level and then the 200-period average (16700) levels can be followed as support. Support: 16900 – 16800 Resistance: 17100 – 17200