DAXEUR

DAXEUR is under the influence of selling pressure in global stock indices following the Fed's quarter-point rate cut and upward revisions in inflation projections. The Fed's more cautious rate cut approach and the strengthening of the dollar index increase the pressure on DAXEUR. This situation reduces investors' risk appetite, leading to declines in stock indices. Additionally, global developments such as economic data from the U.S. and the upcoming meeting of the Bank of England are among the important factors that can influence the market's direction.

From a technical perspective, DAXEUR is in a decision stage between the 50 and 100-period moving averages. If sustainability above the 20385 resistance level cannot be achieved, the 20185 and 20095 support levels may be tested. In upward movements, the 20280 and 20385 resistance levels should be monitored. The RSI indicator is at level 55, displaying a positive trend. It is observed that the index has increased by 0.40% on a daily basis. Sustaining upward momentum will be crucial for a move toward the 20700 region.