DAXEUR

While European stock markets completed the week we left behind with a horizontal negative, German inflation data to be announced in the middle of the week and Eurozone inflation data to be announced on the last trading day of the week may have an impact on the market's expectations for ECB interest rates, which are considered certain to be cut in June. The course of US and European stock markets and the German ifo business climate index can be followed for index movements during the day. The index is expected to rise from 89.4 points to 90 points in May. When we examine the short-term pricing of the DAXEUR index technically, we are following the 18500 - 18600 region. As long as the index moves above the relevant region, which is also supported by the 20-period exponential moving average, positive expectations are at the forefront. In increases, 18700 - 18800 levels can be targeted. In possible decreases, negative expectations may come to the fore with the index moving below the 18500 - 18400 region. In declines, 18300 – 18200 can be followed as support. Support: 18500 – 18400 Resistance: 18700 – 18800