DAXEUR

The DAXEUR index is under the influence of the negative performance observed in global indices. Significant losses in Asia and a widespread suppression process in Europe are leading to declines of nearly 1.50% in the DAX40 index. Especially globally increasing uncertainties and signals of economic slowdown are putting pressure on the index, prompting investors to be cautious. For DAX to maintain its positive trend, it must stay above the 19450-19535 levels, which are the 55 and 89-period moving averages. However, a drop below these levels could increase the likelihood of the index retreating to the 18995-19090 support zone.

From a technical perspective, the DAXEUR chart is analyzed in the hourly time frame. The index can find support at 19350, 19275, and 19195 levels, while resistance levels stand out at 19535, 19630, and 19720. The RSI indicator is at 53, presenting a neutral outlook, which indicates an indecisive trend in the market. The index's 0.12% increase compared to the previous day signals a short-term recovery effort that might attract the attention of investors. However, the sustainability of this recovery will depend on developments in global markets and the course of local economic data.