DAXEUR

We are in the middle of a week where the European indexes continue their optimistic performance. We see that the best performing index on a weekly basis is DAXEUR with a performance exceeding 2 percent. Today, we will reach the PMI data, the leading indicator of growth concerning Europe in general. Especially on the manufacturing side, although it is in the contraction zone, whether the Euro Zone and Germany, which are giving signals of return from the bottom, will support this idea this month should be followed carefully in terms of the index's short-term performance. When we evaluate technically, as long as the 21 (18074) period exponential moving average currently supports the 18350 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 18350 - 18270 range. Support: 18350 - 18270 Resistance: 18520 - 18610