DAXEUR

While it was announced last week that both German and Eurozone inflation slowed down, the ECB interest rate decision to be announced this week does not expect the bank to change interest rates. Lagarde's statements will be closely monitored after the decision. 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 is above the relevant region, positive expectations are at the forefront. In increases, increases towards 17800 and then 17900 may be seen. In the alternative scenario, in possible suppression around the 17800 resistance, it is expected that the index will fall below the 17600 level for negative expectations and the pullbacks will accelerate. In this case, declines towards 17400 level with support from the 89-period average can be followed in the downward direction. Support: 17700 – 17600 Resistance: 17900 – 18000