DAXEUR

In the middle of the week, European markets also focused on the interest rate decision that the Fed will announce today. While the DAXEUR index closed horizontally positive with the decline in German ten-year bond yields, the speech of ECB President Lagarde before the Fed decision today will also be effective. When we examine the short-term chart of the DAXEUR index technically, we are following the 18100 - 18200 region with support from the 20-period exponential moving average. As long as the index receives support from the 20-period average at 18200, positive expectations are at the forefront. In recoveries, increases towards the 18300 level and then 18400 level can be seen. If the index is suppressed under the 18300 resistance and cannot receive support from the 18200 level, negative expectations may come to the fore. In this case, declines towards the 17900 level with support from the 89-period average can be followed downwards. Support: 17900 – 17800 Resistance: 18100 – 18200