DAXEUR

Global markets have entered a busy week of data releases and central bank decisions ahead of the Christmas holiday. Interest rate decisions from major central banks such as the Fed, BoE, and BoJ are among the most important topics of the week. Additionally, PMI data from the Eurozone, Germany, France, the UK, and the US will also be significant. Economic data from China is putting pressure on Asian indexes, while Moody's downgrade of France's credit rating and the threat of a confidence vote in Germany are increasing the atmosphere of uncertainty in Europe. All these developments are expected to cause fluctuations in the DAX 40 index.

Technically, the DAX 40 index continues to display a positive outlook by staying above the 20385 level. If this positive trend continues, the resistance levels of 20660, 20700, and 20785 could be tested in succession. Sustained movements above the 20700 level could push the index to higher levels. Otherwise, if it falls below the 20570 support level, a pullback towards the 20385 level could be observed. The RSI indicator is currently showing a neutral outlook. The index has decreased by 0.07% compared to the previous day.