DAXEUR

Midweek, PMI data related to the service sector and private sector employment figures are notably in the spotlight. The fact that Germany's composite PMI figure has surpassed the threshold level of 50 stands out as a significant development, although the ongoing issues in the manufacturing sector should be taken into account. In the U.S., private sector employment data has shown better-than-expected trends, while the ISM Services PMI remaining above the 50 threshold raises the possibility of a slowdown in growth rates. A similar situation is occurring in the UK; despite underperforming expectations, the growth rate remaining above the 50 threshold is considered an important indicator.

When examining the Dax40 index from a technical perspective, price movements above the 55-period moving average and the lower point of the Envelope indicator (21480) confirm a continuation of an optimistic scenario while remaining above the 21-period moving average (21610). This could keep the expectations alive for the peak at 21905 and a new possible peak at 22320. However, the most critical price movements that would invalidate the current scenario are sustained movements below the 21-period moving average and the main support level at 21195. Key levels for the day: 21480 and 21905.