DAXEUR

It is the first trading day of the week. With the optimistic pricing reaction observed in European Indices last week, European indices except the French index closed the week positively. The best performance among the indices came from the Netherlands with close to 1.70 percent, while Spain with 1.33 percent and Italy with 0.97 percent can be explained as the following optimistic indices. While Dax40 kept its movement area in the partially positive region due to the fluctuating pricing it created this week (intense buyer-seller struggle), recent movements allowed the index to complete the week in a better region. When we evaluate technically, as long as the 21 (18374) period exponential moving average currently supports 18590, the positive trend may continue. If the upward demand continues, a movement area towards 18780 and 18850 levels may occur. Support Levels are between 18590 and 18480. Support: 18590 – 18480 Resistance: 18780 – 18850