DAXEUR

The day we left behind was positive in European stock markets. This week, all eyes are on the US PCE data for European stock markets. DAXEUR started the new day at 18406. Since Friday is Good Friday, the European stock market will be closed, therefore, volatile movements can be observed in the indices due to the shallow market. When we examine the short-term chart of the DAXEUR index technically, we are following the 18300 - 18400 region with support from the 20-period exponential moving average. As long as the index receives support from the 20-period average at 18400, positive expectations are at the forefront. In increases, increases towards the 18600 level can be seen with the 18500 resistance being overcome. If the index is suppressed around the 18500 resistance and cannot receive support from the 18300 level, negative expectations can come to the fore. In this case, downward deflections towards the 18000 level with support from the 89-period average can be followed. Support: 18300 – 18200 Resistance: 18500 – 18600