DAXEUR

Last week, the ECB did not change the policy rate, while European markets closed the day with losses. While the DAXEUR index closed horizontally negative due to the continuation of the strong stance in long-term German bond yields. In Germany, March CPI decreased by 0.3% on a monthly basis and was announced as 2.2%. The first trading day of the week is also bullish with the support it receives from the 200-period exponential moving average. When we technically examine the short-term pricing of the DAXEUR index futures contract, we are following the 18000 - 18100 region. As long as the index moves below the region, negative expectations may come to the fore. If downward pricing continues, the 17900 and 17800 levels may be encountered. In the alternative case, permanent pricing above the 18100 - 18200 region may be needed for the upward demand to come to the fore. Under this condition, the 18300 and 18400 levels may come to the fore. Support: 17900 – 17800 Resistance: 18100 – 18200