DAXEUR

The cooling down of employment data in the US than expected caused recession concerns to be fueled, while the 10-year Treasury bond yield remained under pressure. While this situation affected the suppression of global indices, markets showed some relief after recession concerns in the US eased somewhat. The DAX40 also tried to keep up with this to some extent. When we evaluate it technically, as long as the 21 (17174) period exponential moving average currently supports the 17340 level, the positive trend may continue. If the upward demand continues, a movement area may form towards the 17610 and 17790 levels. Support Levels are the 17340 – 17210 range. Support: 17340 – 17210 Resistance: 17610 – 17790