DAXEUR

We are on the most important day of the week. The European Central Bank (ECB) will announce its interest rate decision today. The most important item of this meeting will be the speech of ECB President Lagarde rather than the interest rate decision. Because the answer to the question of when the second interest rate cut may be will be learned with the guidance of the President. While Lagarde gave important clues in previous meetings and prepared the markets for the next move, the reaction of the President to the September interest rate cut scenario, which is insisted on in the swap market, is important. When we evaluate technically, as long as the 21 (18274) period exponential moving average currently supports the 18390 level, the positive trend can continue. If the upward demand continues, a movement area towards the 18520 and 18610 levels can be formed. Support Levels are the 18390 - 18310 range. Support: 18390 - 18310 Resistance: 18520 - 18610