DAXEUR

The DAXEUR pair may exhibit a calm trend as the new year approaches following the decisions of global central banks. Due to the Christmas holidays in Europe and the USA, it might be a low-volume week in the markets. Growth data from the UK and Canada, as well as data from the US such as durable goods orders, new home sales, and unemployment claims, are expected to be announced. However, due to the holiday season psychology, the impact of these data on the markets may remain limited.

From a technical perspective, the DAX40 index is trading below the resistance zone of 20095 - 20280. Remaining below the 50 and 100 period moving averages indicates that the index is trying to align with a negative expectation. In downward movements, the 20000 and 19900 levels can be monitored as support, with 19800 standing out as the main support zone. The RSI indicator is around 40 levels and shows a negative outlook. For the index to return to a positive trend, it needs to make sustained movements above the averages; in such a case, the 20650 level might come into play again. The index is displaying a horizontal trend, with a 0.05% decrease compared to the previous day.