DAXEUR

The DAXEUR pair is shaped by the recovery efforts of global stock indices and expectations regarding the European Central Bank’s (ECB) interest rate decision. The ECB's interest rate cut policy and Germany's strong performance are among the fundamental factors supporting the index. Economic data from the USA and the financial results of major technology companies also emerge as significant developments that could cause fluctuations in the markets. In the coming days, statements from ECB President Lagarde and important economic data from the USA may be decisive for the market direction.

Technically, DAXEUR is trading at the 21737 level, showing a 0.03% decrease compared to the previous day. The index is holding above the support levels at 21650 and 21550. In upward movements, the resistance levels at 21775 and 21920 can be monitored. The RSI indicator reflects a neutral outlook in the market. While the positive trend continues above the Envelope indicator and the 21-period moving average, if these levels are breached, the 21485 support level might become significant. Overall, the index appears to maintain its medium-term positive trend.