DAXEUR

The DAXEUR pair is drawing attention as global stock indices make a strong start to the new year. Positive movements, especially in European and US markets, are setting the stage for upward revisions of analyst expectations. Germany's DAX 40 index stands out as one of the best-performing indices of the month with a performance exceeding 9%. Following ECB and US GDP data, significant impact on the markets is expected today with the Fed's inflation indicator, the PCE.

When examining the DAXEUR index technically, movements close to the 21900 resistance level are noteworthy. In upward movements, the resistance levels at 22017 and 22135 might be significant. The RSI indicator on the chart shows that the market is displaying a neutral outlook and is not in the overbought or oversold zone. The index is trading at 21823, marking a 0.33% decline compared to its previous close. In downward movements, support levels at 21775, 21650, and 21585 can be monitored.