DAXEUR

Last week, European indices followed a positive course with the Eurozone services PMI data exceeding expectations. Siemens Energy supported the DAXEUR index with a 4% increase at the end of the week, while US inflation, which will be announced in the middle of the week, stands out as the most important calendar data to follow for the course of European stock markets. When we examine the short-term pricing of the DAXEUR index technically, we follow the 18700 - 18800 region. As long as the index receives support from the 20-period exponential moving average (18700), positive expectations are at the forefront. In increases, 18900 - 19000 levels can be targeted. In possible decreases, negative expectations can come to the fore with the index falling below the 18700 - 18800 region. In continuation of decreases, 18600 - 18500 levels can be followed as support. Support: 18700 – 18600 Resistance: 18900 – 19000