DAXEUR

The DAXEUR index managed to close positively by 0.25% the day before. The German inflation to be announced today, as well as the 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 are following the 17500 -17600 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 17700 and then 17800 may be seen. In the alternative scenario, in case of possible suppression around the 17700 resistance, it is expected that the index will fall below the 17500 level for negative expectations and the pullbacks will accelerate. In this case, declines towards 17300 can be followed with support from the 89-period average. Support: 17500 - 17400 Resistance: 17700 - 17800