DAXEUR

DAXEUR continues to remain under pressure due to the overall negative performance in global stock indices. The losses in Asian and US markets have notably spread to European markets as well. Germany's DAX 40 index has experienced a decline of nearly 1.50%, attributed to the current economic uncertainties and the risk-averse tendency of investors. Uncertainty in the economic outlook across Europe increases the selling pressure on the index. During this period, to maintain a positive trend, the index needs to stay above significant technical levels.

From a technical analysis perspective, the DAXEUR chart is examined on a 1-hour timeframe. The index may find support at levels of 19435, 19350, and 19275, whereas resistance levels of 19530, 19630, and 19720 should be monitored for upward movements. The RSI indicator is currently at 51, showing a neutral outlook, indicating a balance in the market at present. The index has experienced a decrease of 0.06% compared to the previous day. Technically, it is moving between the 55 and 89-period moving averages, and whether it can maintain its course above these averages may provide a clearer idea about the short-term direction.