DAXEUR

image

DAXEUR

For the DAXEUR index, the DAXEUR index, which has been on a horizontal negative course since the beginning of the week, ended the day in the negative region with the US inflation data announced above expectations the day before. We are following the 16800 - 16900 region with support from the 20-period exponential moving average for the DAXEUR index. We are following the decision stage scenario as long as the index moves within the relevant region. It may be necessary to follow the 16900 level for positive expectations in the index. Increases towards the 17000 level can be seen by exceeding the 16900 level. In the alternative scenario, it is expected that the declines will accelerate with the index falling below the 16800 support for negative expectations. In this case, the 16700 level and then the 200-period average (16600) levels can be followed as support. Support: 16800 - 16600 Resistance: 16900 - 17000