DAXEUR

The DAXEUR pair continues to be affected by the general negative trend in global stock markets. Losses in Asian markets and the pressure felt across European indices are impacting DAX's pricing. In Germany, the lack of a significant change in the economic outlook is not creating strong downward pressure on the DAX. However, general economic uncertainties in Europe and volatility in global markets continue to play a limiting role in DAX's upward movements.

In the technical outlook, the DAX 40 index is trying to find support between the levels of 19545 - 19445 - 19350 on the 4-hour chart. For potential upward movements, resistance levels at 19630, 19720, and 19800 should be closely monitored. The RSI indicator is at the 60 level and shows a slightly positive trend. The intraday pricing shows a slight increase of 0.03 percent. These technical data may indicate a short-term recovery process for the index, but for a sustained upward movement, a reduction in uncertainties in global markets will be important.