DAXEUR

The DAXEUR index futures contract, which has been volatile in parallel with the US stock markets due to the risky asset escape reflex caused by the Middle East tension that remained hot throughout the week, is among the headlines to be followed for index movements throughout the week. When we examine the short-term pricing of the DAXEUR index technically, we are following the 17800 - 17900 region. As long as the index moves below the region, negative expectations are at the forefront. If the downward movement continues, the 17700 - 17600 levels may be encountered. If the 17900 - 18000 region works as support based on the 20 and 200-period exponential moving averages, a new uptrend may occur in the index. Under these conditions, the 18200 and 18300 levels may come to the agenda. Support: 17700 - 17600 Resistance: 17800 - 17900