DAXEUR

Recently, DAXEUR has found support from the positive performance of European and US stock indices, appearing unaffected by the negative trend in Asian markets. The strong uptrends in Europe and the US, especially from the Russell and DJ30, contribute to DAX40 ending the week with a gain of over 2%. In this favorable environment, topics like the Bank of Japan's interest rate hike expectations and Trump's inauguration are also among the issues being closely watched by the market.

From a technical perspective, DAXEUR maintains a positive outlook by staying above the 20760 level. As long as it remains above this level, upward movements may target resistance levels at 20830, 20885, and 20940. If the 20940 level is breached, it could indicate a stronger momentum towards the Fibonacci trend area. On the downside, the support levels at 20648 and 20560 are significant. The RSI indicator is at a neutral level of 50, with a noticeable 0.09% increase compared to the previous day.