DAXEUR

The other day, ECB President Lagarde announced that the first interest rate cut is imminent unless there is a major surprise in inflation. The DAXEUR index closed yesterday with a 1.4% loss before the Eurozone inflation data to be announced today. Today, the course of the US and European stock markets and the Eurozone and UK inflation can be monitored due to their possible effects on index movements. When we examine the short-term pricing of the DAXEUR index technically, we are monitoring the 17900 -18000 region. As long as the index is below the relevant region, negative expectations are at the forefront. In the continuation of the decline, the 17700 - 17600 levels can be monitored as support. For positive expectations, the index can be expected to remain above the 17900 level. If the 17800 level works as support, upward recoveries towards the 17900 - 18000 levels can be monitored. Support: 17700 - 17600 Resistance: 17900 - 18000