DAXEUR

Today, we are under the influence of numerous significant economic events, primarily the Federal Reserve's interest rate decision and Chairman Powell's statements. In addition to the Fed, inflation data from the UK and the Eurozone, as well as building permits data from the US, could also create volatility in the markets. In European markets, it is observed that the DAX 40 index remains resilient despite a 0.78% decline in recent days. Following today's developments, there may be curiosity about how the index will respond to fluctuations in global markets.

From a technical standpoint, if the DAX 40 index manages to remain above the 20280-20385 range, where the 50-period moving average is located, it may wish to maintain its positive bias. In upward movements, increases towards the resistance levels of 20470, followed by 20570 and 20700, can be observed. Particularly, if the 20570 level is permanently exceeded, it may indicate a further acceleration in gains. On the downside, the levels of 20385, 20280, and 20185 should be monitored for support. The RSI indicator is at a neutral level, showing a 0.15% decrease compared to the previous day, which may indicate an indecisive market outlook in the short term.