DAX

On the last trading day of the week and the first quarter of the year, the DAXEUR index continued its gains with the decline in German ten-year treasury yields. 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 18400 - 18500 region with support from the 20-period exponential moving average. As long as the index receives support from the 20-period average at 18500, positive expectations are at the forefront. In increases, increases towards the 18700 level can be seen with the 18600 resistance being overcome. If the index is suppressed around the 18600 resistance and cannot receive support from the 18400 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: 18400 – 18300 Resistance: 18600 – 18700