DAXEUR

The DAXEUR index managed to carry its rise to the fifth week. For the index, which is moving above short and medium-term averages, this week, Eurozone and German inflation, as well as US PCE data, stand out among the data sets to be followed with importance for index movements. When we examine the short-term chart of the DAXEUR index technically, we follow 17300 with support from the 20-period exponential moving average. As long as the index moves above the relevant level, positive expectations are at the forefront. In increases, increases towards 17500 and then 17600 may be seen. In the alternative scenario, in case of possible suppression under the 17500 resistance, it is expected that the index will fall below the 17300-level for negative expectations, and the pullbacks will accelerate. In this case, declines towards 17150 with support from the 89-period average can be followed downwards. Support: 17300 - 17070 Resistance: 17500 - 17600