DAXEUR

The German inflation announced the day before was below expectations. The DAXEUR index closed the day with a 0.25% increase at a record level. The Eurozone inflation data to be announced today can be followed for index movements. When we examine the short-term chart of the DAXEUR index technically, we are following the 17600 -17700 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 17900 and then 18000 can be seen. In the alternative scenario, in case of possible suppression around the 17900 resistance, it can be expected that the index will fall below the 17700 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: 17700 - 17600 Resistance: 17900 - 18000