DAXEUR

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DAXEUR

While European indices finished yesterday negative, the DAXEUR index lost nearly 1% of its value along with the GDP data indicating that the US economy is slowing. In a week where the economic calendar for the Eurozone is relatively calm, the US growth data to be announced today can be monitored due to its effects on the index. When we examine the short-term pricing of the DAXEUR index technically, we are monitoring the 18100 - 18200 region. The pricing behavior of the index outside the relevant region will be monitored. It may be necessary to see a closing above the 18200 resistance for positive expectations. As long as the 89-period exponential moving average works as support in increases, the 18300 - 18400 levels can be targeted. In possible pullbacks, pullbacks towards the 18000 - 17800 levels can be monitored in closings below the 18100 - 18200 region. Support: 17900 - 17800 Resistance: 18100 - 18200