DAXEUR

The previous day, the leading data on German consumer inflation increased by 0.1% in May compared to the previous month, while it increased by 2.4% compared to the same month of the previous year. While the DAX40 index finished the previous day with a 1.10% decrease, all eyes turned to the Eurozone inflation data to be announced on the last trading day of the week. When we technically examine the short-term pricing of the DAXEUR index, we are following the 18400 - 18500 region. For positive expectations, the index can be expected to move above the relevant region supported by the 20-period exponential moving average. In increases, the 18600 - 18700 levels can be targeted. In possible decreases, the index moving below the 18400 - 18300 region can lead to negative expectations. In decreases, the 18200 - 18100 can be followed as support. . Support: 18300 – 18200 Resistance: 18500 – 18600