DAXEUR

The DAXEUR pair is on an upward trajectory as European stock markets make a positive start to the new year. While the Nasdaq100 exhibited the best performance in the US markets, Asian markets registered a decline led by China and Hong Kong. Overall, European markets displayed a positive performance. The DAX40 index is nearing the peak of 20648, gaining over 2%. Uncertainties regarding the US and Chinese economies continue to have an impact on the markets.

From a technical perspective, the DAX40 index is maintaining its upward trend, trading above the 20185 level, where the 50 and 100-period moving averages are located. As long as it remains above the 20385 level, there is potential to rise to the 20648 resistance. In downward movements, the 20385, 20280, and 20185 levels can be monitored as support. The RSI indicator is at the 60 level, displaying a positive outlook. The index continues its upward movement with a 0.04% increase compared to the previous day's close.