DAXEUR

The day we left behind, the DAXEUR index managed to consolidate some of the declines towards the end of the session and completed the day close to flat. For the DAXEUR futures contract, this week, the German, Eurozone and US PMI data, as well as the FED and ECB monetary policy meeting minutes 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 17070 - 17150 region with support from the 20-period exponential moving average. For positive expectations, the index can be expected to close above the 17150 resistance. In increases, increases towards the 17300 level can be seen by exceeding the 17200 level. In the alternative scenario, in case of possible suppression under the 17200 resistance, the 16970 level of the index and the 200-period average (16900) levels can be followed as support for negative expectations. Support: 16900 – 16800 Resistance: 17100 – 17200