DAXEUR

The DAXEUR index completed the previous day with a 0.44% increase, while the German inflation data to be announced in the middle of the week and the Eurozone inflation data to be announced on the last trading day of the week may have an impact on the market's expectations for the ECB interest rate cut, which is considered certain to be made in June. The course of the US and European stock markets can be followed for index movements during the day. When we examine the short-term pricing of the DAXEUR index technically, we are following the 18700 - 18800 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, 18900 - 19000 levels can be targeted. In possible decreases, negative expectations may come to the fore with the index moving below the 18700 - 18800 region. In decreases, 18600 - 18500 can be followed as support. Support: 18700 – 18600 Resistance: 18900 – 19000