DAXEUR

DAX is negatively affected by increasing geopolitical risks and concerns about global slowdown. The risk-off environment is pushing investors away from risky assets like the index. The 23553.54 pivot level is a critical threshold. As long as this level is not surpassed, selling pressure may continue towards the support levels of 23393.47 and 23184.72. For the index to recover, both a decrease in geopolitical tensions and soothing messages from the Fed to the markets are needed.