DAXEUR

In a week when European markets are closed due to the Christmas holiday, the DAX 40 index is only traded on the first trading day of the week. This holiday situation in Europe may keep the trading volume and volatility of the index limited. The positive trend in Asian markets and the flat closing of US indices are also expected to have a limited impact on the DAX 40. Overall, the mixed signals from global markets and the European holiday period may be decisive for the short-term direction of the DAX 40.

Technically, the DAX 40 index is trading below the resistance zone of 20095 – 20280. As long as it remains below these levels, it is likely that the index will be under downward pressure. In this case, support levels of 20000, 19900, and 19800 can be monitored. The RSI indicator is at the level of 22.5 and shows a negative outlook, which may indicate that the selling pressure continues. For the index to show a recovery, it will be important to see a sustained movement above the 20280 level. It was observed that a rise of 0.11% was recorded yesterday.