DAXEUR

The more than expected cooling of employment data in the US caused recession concerns to flare, while the 10-year Treasury yield remained under pressure. This situation affected the global indices to be suppressed, while the DAX40 also displayed pricing where pullbacks were at the forefront. Technically speaking, as long as the 21 (17074) period exponential moving average currently supports the 17140 level, the positive trend may continue. If the upward demand continues, there may be a movement area towards the 17310 and 17490 levels. Support Levels are the 17140 – 17010 range. Support: 17140 – 17010 Resistance: 17310 – 17490