DAXEUR

The day before, the selling pressure in European stock markets was at the forefront, parallel to the US stock markets. While the DAXEUR index managed to complete the day horizontally positive, this week, especially the Eurozone and German inflation, the US PCE data stands 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 can be seen. In the alternative scenario, in case of possible suppression under the 17500 resistance, it can be 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