DAXEUR

As global markets make a positive start to December, Asian and European stocks are showing an optimistic stance. The rise in German and Spanish indices is particularly noteworthy. The DAX 40 index, influenced by this positive atmosphere, is attempting to revise its peak levels upward. Today, the focus of the markets is on data related to the service sector and speeches by the heads of major central banks. These developments may affect the movement of the DAX and other European indices.

From a technical perspective, the DAX 40 index is exhibiting a strong trend above the 19925 level. In upward movements, resistance levels of 20125, 20200, and 20280 can be observed. Sustaining above the 20125 level, in particular, could push the index towards the 20450 Fibonacci level. In downward movements, the 19925 support may play an important role. The RSI indicator is showing a positive outlook at the 60 level, and the index is up by 0.10% compared to the previous day. If it falls below the 19925 level, a broader correction movement may be observed, but it should be remembered that the main trend is positive.