DAXEUR

The DAX40 index was influenced throughout last week by factors such as the European Central Bank's interest rate decisions, inflation data from the United States, and global market fluctuations before the Christmas holiday. In particular, in an environment where other European indices like Spain and the Netherlands showed negative performance, the DAX40's effort to remain in the positive zone was noteworthy. While a negative picture was observed in the U.S. markets except for the technology index Nasdaq100, an optimistic atmosphere prevailed in the Asian markets. The Eurozone closely followed the ECB's interest rate cut decision.

From a technical perspective, the DAX40 index is showing a positive trend above the 50-period average. Currently, the 20460 resistance is being tested, and if the upward movement continues, the levels of 20570 and 20660 are potential targets. In downward movements, the support levels of 20385 and 20280 can be monitored. The RSI indicator presents a positive outlook at the 59 level. The index is trading with a loss of approximately 1.5% compared to the previous day's closing. The 20185 level, which is the 50-period average, stands out as a significant support point during index pullbacks.