DAXEUR

The Eurozone continues its interest rate reduction policy. Expectations for interest rate cuts support the strong performance of the German Stock Index. In light of the interest rate reduction policy and the continuation of the upward trend, the outlook is positive from both technical and fundamental perspectives. The recently disrupted upward trend has caused some pullbacks in the short term. For the index, which has a positive outlook in the medium and long term, support levels are at 20,170 - 20,079 during pullbacks. On upward movements, resistance levels are at 20,318 - 20,410. When examining its correlation with Nasdaq, it appears that pullbacks may occur, and therefore, it seems appropriate to conduct trades close to the support levels.