DAXEUR

European indices also finished yesterday with a premium, parallel to the US markets. While German software company SAP supported the index with its above-expected balance sheet, DAX40 managed to finish the day in the 1.55% positive region. In a week where the Eurozone economic calendar is calm, the US PCE and growth data can be counted among the important calendar data to follow for index movements. When we examine the short-term pricing of the DAX40 index technically, we are following the 18100 - 18200 region. Positive expectations are at the forefront if the index continues to be priced above the relevant region. As long as the 89-period exponential moving average works as support in increases, 18400 - 18500 levels can be targeted. In possible pullbacks, declines towards 18000 - 17800 levels can be observed in closings below the 18100 - 18200 region. Support: 18100 - 18000 Resistance: 18300 - 18400