DAXEUR

The Eurozone continues its interest rate reduction policy. Expectations for interest rate cuts support the strong stance 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 a technical and fundamental perspective. The short-term deterioration of the upward trend has partially led to pullbacks. For the index, which has a positive outlook in the medium and long term, support levels are at 20,170 - 20,079 during pullbacks. In upward movements, resistance levels are at 20,318 - 20,410. When examining the correlation with Nasdaq, it appears that pullbacks may occur, and therefore, it is deemed appropriate to conduct transactions close to support levels.