DAXEUR

DAXEUR, which carried its gains to the ninth consecutive week with the week we left behind, opened the first trading day of the new week at 18211. Eurozone data is not intensive in terms of the economic calendar this week, but the US PCE data to be announced on the last trading day of the week can be followed for index movements. 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 surpassing of the 18300 resistance. If the index cannot receive support from the 18200 level, negative expectations may come to the fore. In this case, downward deflections towards the 18000 level with support from the 89-period average can be followed. Support: 18100 – 18000 Resistance: 18300 – 18400