DAXEUR

DAX40 gained strength as the final Manufacturing PMI data released in Germany rose to 49.8 in August. Although this figure marked the strongest performance since mid-2022, surpassing July's 49.1, it slightly fell short of the 49.9 preliminary estimate. Today, Eurozone inflation (CPI) data will be in the spotlight, which is crucial for the index's direction.

The DAX40 index is at a significant decision stage within the range of 24003-24061. If the negative movement continues, the 23895 level may be monitored. Breaking this level could accelerate the negative trend. Conversely, four-hour candle closures in the 24003-24061 zone could alter the negative outlook, while closures above 24100 could turn the short-term movement positive.