DAXEUR

The DAXEUR pair is showing a positive outlook in Europe, accompanied by PMI data that exceeds expectations and high inflation figures in Germany. With the PMI data in Germany and the UK being above the critical 50 level, this indicates continued economic activity as ECB's interest rate cut expectations are closely monitored by the markets. Data to be released in the U.S. is also at the forefront of the market's attention. Particularly, service sector data along with Eurozone inflation figures may affect the direction of the pair.

Technically, the DAXEUR index is showing a positive trend by rising to the upper point of the 20000-20185 range. The short-term positive outlook may continue as long as it remains above the 20095-20185 area. During upward movements, the 20648 peak can be monitored as a target, while the 20385 level may support this rise. Otherwise, if the index pulls back towards the averages, the 20185 and 20095 levels should be monitored as support. The RSI indicator stands at 55, exhibiting a neutral tendency. The index has risen by 0.08% compared to the previous day.