DAXEUR

Last week, the European Central Bank did not change the policy rate, while President Lagarde pointed to June for a discount. The DAXEUR index closed the week with a 0.16% decrease and started the first trading day of the new week with a sell-off. When we examine the short-term chart of the DAXEUR index technically, we are following the 17800 -17900 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 18100 and then 18200 may be seen. In the alternative scenario, in possible suppression around the 18100 resistance, it is expected that the index will fall below the 17800 level for negative expectations and the pullbacks will accelerate. In this case, declines towards 17600 with support from the 89-period average can be followed downwards. Support: 17700 – 17600 Resistance: 17800 – 17900