DAXEUR

The pivot level in the DAX index is at 24149.39, with resistances at 24276.99, 24452.40, and 24603.91; supports are set at 23973.98, 23846.38, and 23694.88. The direction of the index is supported by global risk appetite and data regarding the European economy, favoring upward movements. Holding above the pivot level of 24149.39 could support purchases towards the resistance at 24276.99, although concerns about the Fed's tight monetary policy and global growth worries pose risks, the ECB's stance on interest rate policy appears to be more influential in pricing.