DAXEUR

The DAXEUR index is struggling at resistance levels of 24757.36, 24594.63, and 24367.78, while moving in a tight range around the pivot of 24263.17. Data flow in Germany is weak, but the ECB interest rate decision on Thursday and Lagarde's subsequent statements could create volatility in the index. Concerns about growth in Europe persist; although the expected moderate trend in interest rates is positive, a strong upward movement requires a global risk appetite. Support levels at 24042.32, 23943.71, and 23780.98 will be key in downward corrections in the index. Messages from the ECB and U.S. macro data will clarify the search for direction.