DAXEUR

The DAXEUR pair draws attention as we approach the end of a week marked by significant developments such as the Bank of Japan's interest rate hike and global PMI data. While a mixed performance is observed across Europe, the DAX40 index stands out with a weekly increase approaching 2.50%. Unlike other major economies in Europe, Germany's positive performance can be seen as a signal of economic recovery in the region. In this process, recovery efforts in Asia and positive results from the US are also positively reflecting on global markets.

In technical analysis, the DAX40 index maintains a positive outlook by staying above the 21-period average at the 21295 level. If the index continues to rise, the resistance levels of 21630, 21700, and especially 21770 are important. The 21770 level should be closely monitored for trend continuation or possible correction movements, as it is a Fibonacci trend region. While the RSI indicator is neutral at 50, an increase of 0.23% in the index indicates that the positive trend is continuing. In downward movements, the support levels of 21555, 21475, and 21425 should be monitored.