DAXEUR

The rise in European stock markets spread to the general public on the last trading day of the week we left behind. While the DAXEUR index closed with a 0.4% premium, this week's German, Eurozone and US PMI data, as well as FED and ECB monetary policy meeting minutes data are among the titles to be followed in terms of the economic calendar. When we examine the short-term chart of the DAXEUR index technically, we are following the 17000 - 17100 region with support from the 20 - 89 period exponential moving average. As long as the index moves above the relevant region, positive expectations are at the forefront. With the 17200 level being exceeded, increases towards the 17300 level can be seen. In the alternative scenario, the index, which is under pressure under the 17200 resistance, can be expected to accelerate the pullbacks with the index falling below the 17000 support for negative expectations. In this case, the 16900 level and then the 200-period average (16800) levels can be followed as support. Support: 17000 – 16900 Resistance: 17200 – 17300