DAXEUR

We have entered the most critical day of June for global stock market indices. While we will be following the US CPI data for May to see if the rigidity in inflation continues before the US session opens today, our main focus is undoubtedly that the negative pricing reaction that the Fed Interest Rate Decision exhibited after reaching the peak of 19013 continues with the trend view and currently passes through the relevant trend area of 18765. In other words, even if the index rises to the relevant area, the outlook is still negative. However, the intermediate resistance area of 18575 is an important barrier to be followed in the short term in terms of whether we will see an increase towards the relevant area. A reaction purchase above 18575, and a downward break below 18575, especially below 18335, may mean the continuation of the trend rally. Support: 18335 – 18110 Resistance: 18575 – 18765