DAXEUR

The DAXEUR pair starts the new week calmly with the global markets' New Year holiday psychology, and it is expected that Germany and Japan will join this trend starting Tuesday. It is anticipated that the impact of significant economic data will remain limited throughout the week. Especially in Europe, the USA, and Asia, manufacturing sector PMI data can be monitored by the markets. However, in general, the low trading volume and uncertainties before the holiday season in global markets are noteworthy. Uncertainties regarding the US interest rate policies and trade tensions are also being closely followed by the markets.

From a technical perspective, the DAX 40 index continues to trade below the 20095 – 20280 resistance zone, where the 50 and 100-period moving averages are located. This situation increases the potential for the index to retreat towards the 20000 and 19900 support levels. However, the 19800 main support area could emerge as a critical decision point. The RSI indicator is at 42, exhibiting a slightly negative outlook. Observing the recent price movements, it appears that the index is squeezed between the averages and is at a decision stage. Compared to yesterday's close, there was a 0.11% decrease.