DAXEUR
The DAX 40 index is exhibiting a mixed trend in Europe and Asia despite positive reactions from the U.S. stock markets ahead of the U.S. presidential elections and Thanksgiving holiday. While the Russell index in the U.S. shows the best performance with over a 10% optimism, indices in Germany and the UK are showing a more moderate increase of 2%. Rising inflation trends in the Eurozone could put pressure on the ECB's interest rate policies. Attempts to boost consumer power in China are having a positive impact on the Shanghai index, while the Nikkei index in Japan paints a complex picture depending on the inflation trend.
From a technical perspective, the DAX 40 index may find support at levels 19390, 19275, and 19195, with resistance points at 19530, 19630, and 19720. As long as the index continues to stay above the averages, it may move towards the 19800 peak. Currently, the RSI indicator is at level 48, showing a neutral outlook. A fluctuating trend is observed in the index with a 0.11% decrease compared to the previous day. It is important for the index to maintain the 19275 support; otherwise, downward pressures may increase.
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