DAXEUR

Global stock market indices started the new week under pressure. The pressure that started in Europe continued in the US and Asia. When we examine the course of European indices, the most pressured one is France with a loss of nearly 1 percent. Germany (DAXEUR) increased its decline to 0.53 percent, while we observe that the short-term decision stage scenario is revised negatively. We will follow the news flows to see if the relevant pressure will have an effect in the rest of the week. Today, the CPI from Germany and the Conference Board (CB) Consumer Confidence and Job Openings and Labor Turnover Rate (JOLTS) data results from the US can be followed. When we evaluate technically, as long as the 21 (18174) period exponential moving average currently supports the 18280 level, the positive trend may continue. If the upward demand continues, a movement area may form towards the 18450 and 18510 levels. Support Levels are the 18280 - 18190 range. Support: 18280 – 18190 Resistance: 18450 – 18510