DAXEUR

The DAXEUR pair experienced a volatile period in November due to the U.S. Presidential elections and the policy influences of the new president. In December, the steps to be taken by central banks and their future projections, along with economic data and PMI indicators from the U.S. and the Eurozone, will be critically important. In particular, PMI data from Germany and the U.S. will be closely watched by the markets. Decisions by central banks and U.S. employment data could be decisive on the overall direction of the index.

From a technical standpoint, the DAXEUR pair presents a positive outlook above the 55 and 89-period averages at the 19390 level. Sustaining above this level could support a rise towards the 19800 and 19900 resistance levels. The RSI indicator is at 47, showing a neutral stance. The pair dropped by 0.24% compared to the previous day. The levels of 19630 and 19530 can be monitored as support. Sustaining above the 19800 level could potentially trigger a move towards the 20100 level. However, a sudden news flow in the market could affect this technical structure.