DAXEUR

The DAXEUR pair is focused on the future policy guidance of central banks in international markets. Economic indicators such as the ECB and BoC's interest rate cut expectations, the Fed's forthcoming statements on its interest rate roadmap, U.S. growth and PCE inflation data could be decisive for the direction of the pair in the coming period. Today, ECB President Lagarde's speech in the Eurozone and the Germany IFO Business Climate Index, along with New Home Sales in the U.S., will be closely watched.

From a technical perspective, the levels of 21370 and 21475 play an important role for the DAX40 index. The index is trying to maintain its positive outlook by staying above the 21-period average of 21370 levels. In upward movements, resistance levels of 21475, 21555, and 21630 can be observed. While the RSI indicator exhibits a neutral trend, it is noted that the index lost 0.5% in value compared to the previous day. In this context, the Fibonacci trend area of 21475 could be a critical threshold for the direction of the index.