DAXEUR

The DAXEUR index futures, which managed to complete the previous day in the positive zone, showed a negative trend on the last trading day of the week due to increasing geopolitical risks. The course of the US and European stock markets and the course of geopolitical developments in the Middle East will be followed during the day for the DAXEUR index futures contract, which is trying to limit its declines around the 17800 level. When we examine the short-term pricing of the DAXEUR index technically, we are following the 17600 - 17700 area. As long as the index moves below the area, negative expectations are at the forefront. If the downward movement continues, the 17500 - 17400 levels may be encountered. If the 17700 - 17800 area works as support based on the 20 and 200-period exponential moving averages, a new uptrend potential may occur in the index. Under these conditions, the 18000 and 18100 levels may come to the agenda. Support: 17500 – 17400 Resistance: 17700 – 17800