DAXEUR
Following the resurgence of geopolitical risks between Russia and Ukraine highlighted by the Trump-Zelensky discussion, the Ukrainian leader's visit to Europe and the support he will receive from these countries have triggered a positive pricing response in European stock markets, led by defense companies. In light of the latest developments, Dax40 has revised its peak level from 23000 to 23350, while pricing reactions continue around the 23000 mark.
When conducting a technical analysis of the Dax40 index, the lower point of the Envelope indicator ranges from 22680 to 22805, with the index maintaining its positive trend above this area. In this context, a movement towards levels of 23100, particularly 23245 and 23350, may occur. Sustained movements above 23245 could enhance the bullish outlook and contribute to the quest to surpass 23350. Otherwise, a reaction towards the critical area may take place.
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