DAXEUR

The DAXEUR index, which ended the past week with a loss of nearly 1%, continues its suppressive outlook around the 20 and 89-period exponential moving average. German industrial production data in the middle of the week and German Services PMI data today are among the headlines to be followed for index movements. When we examine the short-term pricing of the DAXEUR index technically, we are following the 18100 - 18200 region. The pricing of the index outside the region will be followed and negative expectations may come to the fore in movements below the relevant region. In the continuation of the pullbacks, the 18000 - 17800 levels can be followed as support. In possible recoveries, the 18300 - 18400 levels can be targeted as long as the 89-period exponential moving average (18200) works as support in closing above the relevant region. In the possible suppression below the 18400 level, which worked as resistance in previous pricing, declines towards the 18100 support can be observed. Support: 17900 - 17800 Resistance: 18100 - 18200