DAXEUR

The DAXEUR index futures contract, which started the first trading day of the week positively, is moving close to the 18000 level while the analysis is being prepared. This week, the interest rate decisions of the central banks of the USA, England and Switzerland, as well as the Eurozone PMI data, are among the topics to be followed due to their impact on index movements. 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 moves above the relevant region, positive expectations are at the forefront. In increases, increases towards the 18100 level and then towards the 18200 level can be seen. In the alternative scenario, in possible suppression around the 18100 resistance, it can be expected that the declines will accelerate with the index falling below the 18000 level for negative expectations. In this case, declines towards the 17800 level with support from the 89-period average can be followed in the downward direction. Support: 17900 – 17800 Resistance: 18100 – 18200