DAXEUR

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DAXEUR

European stock markets were positive with strong purchases at the beginning of the week when geopolitical risks were postponed and calendar data for the Eurozone was sparse, but they experienced downward pressure in the middle of the week parallel to the US stock market. For the DAXEUR index, which gained close to 2% on a weekly basis, German and Eurozone inflation, Fed interest rate decision and Chairman Powell's statements are among the economic calendar data to be followed for index movements next week. We are following the 18000-18200 region for the DAXEUR index. The index may need to remain above the relevant region for positive expectations. In recoveries that may occur under this condition, the 18400-18640 levels can be followed as medium-term resistance levels. In possible pullbacks, the index breaking the 18000 support downwards and pullbacks from the 100-day EMA to the 17600 level can be monitored. Support: 18000-17600 Resistance: 18400-18640