DAXEUR

image

DAXEUR

European indices also finished yesterday with a premium, parallel to the US markets. While German software company SAP supported the index with its above-expected balance sheet, European indices completed yesterday horizontally negative, while the economic calendar for the Eurozone is relatively calm in the week, the US growth data to be announced today can be followed due to its effects on the index. When we examine the short-term pricing of the DAXEUR index technically, we are following the 18000 - 18100 region. Positive expectations are at the forefront if the index continues to be priced above the relevant region. As long as the 89-period exponential moving average works as support in increases, 18200 - 18300 levels can be targeted. In possible pullbacks, declines towards 17800 - 17600 levels can be observed in closings below the 17900 - 18000 region. Support: 17900 - 17800 Resistance: 18100 - 18200