DAXEUR

While European stock markets were trading at a premium the previous day, the DAXEUR index is trading above the 20 and 89-period exponential moving average. German industrial production data for the index in the middle of the week, along with the course of US and European stock markets, are among the titles to be followed. When we examine the short-term pricing of the DAXEUR index technically, we are following the 18200 - 18300 region. The pricing of the index outside the region will be monitored, and negative expectations may come to the fore in movements below the relevant region. In the continuation of the pullbacks, the 18100 - 18000 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 closings above the relevant region. In the possible suppression below the 18400 level, which worked as resistance in previous pricing, deflections towards the 18100 support can be observed. Support: 18100 – 18000 Resistance: 18300 – 18400