DAXEUR

We are mid-week, and European stock markets are drawing attention with their impressive performance since the beginning of the year. Overall, the European markets show an optimistic picture, with Hong Kong standing out with a positive performance nearing 2.50%, while Italy ranks second with an increase of around 1.50%. Germany's Dax40 and the US technology index Nasdaq100 are also competing with gains of over 1%. Today, US Consumer Inflation data for January is expected.

When examining the Dax40 index, the range of 21-period moving averages between 21,900 and 21,970 holds critical importance. The index continues to stay above these averages. Levels of 22,210, 22,345, and 22,450 can be targeted. Particularly, sustained movements above 22,345, which is the upper region of the Envelope indicators, may support the continuation of the rally. However, if pressure occurs below these levels, reactions beneath the 21-period average should also be considered.