DAXEUR

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DAXEUR

For the German Stock Index DAX, which continues its positive correlation with Nasdaq, a technically positive outlook is observed. DAX is seen to be pricing within an upward trend, where the trend band's main support level is at 19,221. It is considered advisable to evaluate purchasing positions above this level. Regarding support levels, they are identified at 19,412 - 19,317, with a pivot at 19,604, and resistance levels at 19,732 - 19,795. When trading, it's important to consider the potential for high volatility due to the ongoing earnings season, making it advisable to execute transactions close to these levels.