DAXEUR

The DAXEUR pair is closing out a month where European and US stock market indices generally exhibited a positive performance. While European markets rose in alignment with the US, Asian markets continue to show a mixed trend. The DAX40 index aims to close the week with an increase of over 2%. This is moving in parallel with the positive expectations in Europe’s economic environment and the potential economic policies of the US.

In technical analysis, the DAXEUR pair is trading above the support level of 20648, and as long as it remains above this level, it maintains its positive outlook. For upward movements, resistance levels of 20830, 20885, and 20940 can be tracked. Sustained movements above the 20940 level could accelerate a rise towards the Fibonacci trend zone. The RSI indicator is at the 55 level, indicating that the market may shift from neutral to a positive trend. The pair has shown an increase of 0.07% compared to the previous day.