DAXEUR
The DAXEUR pair continues to remain under pressure on the fourth trading day of the week due to the overall negative performance in global stock indices. Losses in Asian and American markets have also affected European indices, impacting the DAX40. The economic uncertainties in Germany and general stagnation expectations in international markets are increasing the selling pressure on the index. It is noted that the index shows a tight trend between the 55 and 89-period moving averages, and if it remains above these levels, there is a possibility of recovering towards the 19800 peak.
In technical analysis, the support levels observed on the 4-hour chart for the DAX40 index have been determined as 19195, 19090, and 18995. If these levels are breached, the downward pressure may increase. For upward movements, resistance levels are monitored at 19275, 19350, and 19435. The RSI indicator is currently at the 54 level, presenting a neutral outlook. The index has shown a 0.09% increase compared to the previous day, suggesting the market is in a search for direction. The movements of the index between support and resistance levels today may be decisive for the short-term direction.
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