DAXEUR

The DAXEUR pair draws attention with the mixed course in global markets and positive movements in the US markets. While the indices in Germany and the UK in Europe manage to stay on the positive side, Italy and Hong Kong remain under more pressure. In Asian markets, a mixed trend is observed due to news regarding US-China tensions. Inflation data in Germany are rising in line with ECB's expectations, which increases uncertainties about the overall state of the regional economy. Meanwhile, expectations of a rate cut by the Fed are weakening the dollar, and DAXEUR is affected by these developments.

From a technical perspective, the DAXEUR index is making an effort to stay above the 19275 support level. If the movement on the chart continues above the 55 and 89-period averages, a gradual rise towards the 19800 peak could occur with the breaking of the 19530 resistance level. The RSI indicator shows a neutral appearance at the 50 level, while the index's 0.36% increase compared to the previous day indicates a positive trend. However, if the averages are breached on the downside, there is the potential for a pullback toward the 19090 support area.