DAXEUR

In the middle of the week, the DAXEUR index saw some pressure due to upward movements in German ten-year treasury yields. Today, the Eurozone CPI, ADP non-farm payrolls change, ISM services PMI and Fed Chairman Powell's speech will be followed. When we examine the short-term chart of the DAXEUR index technically, we are following the 18300 - 18400 area with support from the 20-period exponential moving average. As long as the index is under pressure in the 20-period average 18300 - 18400 area, negative expectations may be at the forefront. In declines, pullbacks towards the 18100 level may be seen with a break of 18200. Positive expectations may come to the fore if the index breaks the 18300 resistance. In this case, recoveries towards the 18400 level may be followed. Support: 18200 - 18100 Resistance: 18300 - 18400