DAXEUR

Following the Fed decision announced the other day, there was an increase in European stock markets in parallel with the positive trend in US stock markets. DAXEUR, which started the new day at 18447, can be followed during the day due to possible movements in the US and Euro zone PMI data on the index. 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 18100, positive expectations are at the forefront. In increases, increases towards the 18400 level can be seen with the 18300 resistance exceeded. If the index cannot receive support from the 18100 level, negative expectations may come to the fore. In this case, downward declining movements towards the 18000 level with support from the 89-period average can be followed. Support: 18100 - 18000 Resistance: 18300 - 18400