DAXEUR

While global stock markets continue their recovery efforts, the Dax40, which has drawn attention with its positive performance since the beginning of the year, is now focusing on U.S. employment data and the closing of European stock markets following ECB announcements. The Dax40, which has shown an increase approaching 18% since the start of the year, will significantly influence the potential correction trend in U.S. markets; therefore, the end-of-day closing is of great importance.

Technically, the Envelope indicator of the Dax40 index maintains optimism above the 23,000 level. A movement towards 23,345, 23,460, and 23,560 is expected. If a sustained rise occurs above 23,460, a search for new peaks may begin. Otherwise, a correction towards the critical level could take place; in this case, the main support in the 22,535 – 22,680 region will help maintain the positive outlook. Key levels for the day: 23,000 and 23,460.