DAXEUR

Although a volatile process was observed for the European Stock Indices in July, there are significant divergences between the indices. While the main indices DAXEUR FTSE100 and Euro Stoxx50 met July in the negative region, we observed a process in which optimistic pricing was formed for Italy, Spain, the Netherlands and France, which came out of the elections. The most striking performance came from Italy with an increase exceeding 3 percent. There are 8 trading days left to complete July and the reactions of the indices in the remaining time will be monitored. When we evaluate technically, as long as the 21 (18074) period exponential moving average currently supports the 18150 level, the positive trend may continue. If the upward demand continues, a movement area may form towards the 18320 and 18410 levels. Support Levels are between 18150 and 18070. Support: 18150 – 18070 Resistance: 18320 – 18410