DAXEUR

The European indexes showed a negative trend the other day with the US PPI data coming in above expectations. The German Dax Index ended the day with a 0.11% loss of value. When we examine the short-term chart of the DAXEUR index technically, we are following the 17900 - 18000 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 can be seen. In the alternative scenario, in case of possible suppression around the 18100 resistance, it is expected that the index will fall below the 17900 level for negative expectations and the pullbacks will accelerate. In this case, declines towards 17700 can be followed with support from the 89-period average. Support: 17800 - 17700 Resistance: 18000 - 18100