DAXEUR

The DAXEUR index, which has been tightening around the 20-period exponential moving average since the beginning of the week and has created a limited movement area, managed to end yesterday with a limited positivity of 0.10%. After the ECB interest rate decision to be announced today, Lagarde's statements will be closely monitored for the DAXEUR index movements that have adapted to a horizontal course. 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 17800 and then 17900 can be seen. In the alternative scenario, it can be expected that the index will fall below the 17600 -17500 level for negative expectations in the possible suppression around the 17800 resistance and the pullbacks will accelerate. Support: 17600 – 17500 Resistance: 17800 – 17900