DAXEUR

The DAXEUR pair is demonstrating cautious movement in global markets ahead of the PCE data, which is the Fed's inflation indicator. The strengthening of the dollar due to the Fed's upward revision of PCE inflation forecasts creates uncertainty in other markets. The cautious trend in Asian indices and inflation data from Japan bring the possibility of a BoJ rate hike into focus. In the U.S., the release of the PCE inflation data has the potential to influence the Fed's interest rate policies, which could be decisive in how global indices close the week.

From a technical analysis perspective, the DAX40 index is priced below the 50 and 100-period moving averages, indicating that the index is trying to adapt to a negative trend. Staying below the resistance zone of 20,095 - 20,280 could lead to continued pressure. Support levels are observed at 20,000, 19,900, and 19,800. The RSI indicator shows a neutral trend at the 54 level, while the index has experienced a 0.54% decrease. For recovery movements to be successful, sustained movements above the averages are necessary; otherwise, pressure may continue.