DAXEUR

We are on the last trading day of the week. With the optimistic pricing reaction observed in European Indices yesterday, the possibility of European indices, except for the French index, closing the week positively has been strengthened. The best performance among the indices can be explained as the Netherlands with close to 1.70 percent, followed by Spain with 1.33 percent and Italy with 0.97 percent. While Dax40 keeps its movement area in the partially positive region due to the fluctuating pricing it has created this week (intense buyer-seller struggle), recent movements may allow the index to complete the week in a better region. Technically speaking, as long as the 21 (18374) period exponential moving average currently supports the 18460 level, the positive trend may continue. If the upward demand continues, a movement area towards the 18590 and 18650 levels may occur. Support Levels are the 18460 - 18380 range. Support: 18460 – 18380 Resistance: 18590 – 18650