DAXEUR

The DAXEUR pair is showing movement mid-week with economic data coming from Europe and the US. In Europe, under the light of service sector PMI data, there is an observed increase in the growth rate of the UK, while the contraction continues in the Eurozone, Germany, and France. It is noted that Germany's contraction rate has increased, but France and the Eurozone have reduced their contraction rates. Particularly this week, the DAX40 is standing out with a performance exceeding 3% among European indices. Today, the UK Construction PMI and US unemployment claims data will be watched by the markets.

From a technical perspective, the DAX40 index maintains a weak response or strong trend theme above the 20095 level. In its upward movements, 20300, 20425, and 20550 resistance levels can be monitored. Sustaining above the 20300 resistance level, in particular, could carry the rise to the Fibonacci region, namely the 20660 level. In case of potential pullbacks, the 20095 level is monitored as a critical support, while below this level, 20185 and 20000 support levels gain importance. The RSI indicator presents a neutral appearance at the 50 level, and the index is observed to have experienced a 0.04% decrease compared to the previous day.