DAXEUR

While European stock markets were mixed the other day, the DAXEUR index managed to close at a record level. The US growth data to be announced today, and the US PCE data, especially for the Eurozone and German inflation for the rest of the week, 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 are following the 17400 -17500 region with support from the 20-period exponential moving average. As long as the index moves above the relevant region, positive expectations are at the forefront. In increases, increases towards the 17700 level and then towards the 17800 level can be seen. In the alternative scenario, in case of possible suppression around the 17600 resistance, it is expected that the index will fall below the 17400 level for negative expectations and the pullbacks will accelerate. In this case, declines towards the 17200 level with support from the 89-period average can be followed downwards. Support: 17500 – 17400 Resistance: 17700 – 17800