DAXEUR

The DAXEUR pair is showing a cautious trend in global markets due to profit taking ahead of the Christmas holiday and critical central bank decisions. The effect of the mixed outlook in Asian markets and the importance of the upcoming inflation data from the US play a decisive role in the pricing of the DAX40 index. Uncertainties regarding inflation data and central bank decisions in the US and Europe are causing a cautious stance in the markets. In this environment of uncertainty, it is observed that the DAX40 index is relatively less depreciated.

From a technical analysis perspective, the DAX40 index is maintaining its strong stance above the 20095 level, where the 50-period moving average passes. Resistance levels of 20385, 20460, and 20570 can be observed in upward movements. In particular, sustained movements above the 20460 level could direct the index to the 20660 Fibonacci zone. For a downward movement, it is necessary to fall below the 20280 support level. The RSI indicator shows a neutral outlook at 47, registering a 0.21% decrease compared to the previous day. In light of this data, the technical outlook of the DAXEUR pair should be monitored carefully.