DAXEUR

Europe is eagerly awaiting the effects of the coalition that will emerge after the Federal Elections in Germany, amid challenging economic conditions. Markets started the week with disappointing German IFO data, where the Netherlands showed the best performance with a 3.0% optimism, while France is on the negative side with a 1.0% loss. England remains neutral at 0.0%, and the Dax40 index shows a 0.70% optimism. Today's 4th quarter Growth data from Germany and BUBA President Nagel's speech will shape developments in the Eurozone.

A technical analysis of the Dax40 index indicates that it is in a reactive phase starting from the 23000 peak. The index is engaged in a significant struggle between the 21 and 55-period averages. Permanent movements outside the 22215 – 22535 range are needed for clearer actions. These levels are critically important for monitoring developments related to the 23000 peak or the 21790 trough. Otherwise, the index may continue to fluctuate. Key levels: 22215 and 22535.