DAXEUR

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DAXEUR

In a week where European stock markets generally exhibited mixed performance, the DAX 40 index presents a positive outlook. Investments in the artificial intelligence sector in the US and Netflix's financial results support market optimism, and alongside Germany, France and the UK also show positive trends. Particularly, Germany's DAX 40 index has risen by 1.68%, making it one of the best-performing indices of the week. Meanwhile, countries like Italy, the Netherlands, and Spain in Europe continue to exhibit negative performance.

From a technical perspective, when examining the DAX 40 index, the 21,200 level stands out as an important support point. As long as the index remains above this level, it can maintain its positive inclination. In upward movements, resistance levels at 21,380, 21,475, and 21,560 can be monitored. Especially sustained movements above the 21,475 level could carry the index towards the Fibonacci trend zone. However, if the index falls below the 21,200 level, there is potential for a pullback towards the 20,830 level. The RSI indicator is at 60 and displays a positive outlook, indicating that buyers are still influential in the market. Compared to the previous day, the index is trading 0.03% higher.

Support :

21295 - 21200 - 21120

Resistance :

21380 - 21475 - 21560