DAXEUR

While the realizations in the US front draw attention in global stock market indices, we observe that Europe cannot maintain its optimism. In particular, the fact that Germany's largest bank, Deutsche Bank, announced its first loss in four years in the second quarter draws attention, and we see that the weekly returns of European indices are decreasing. In a process where England and France are turning into negative territory, the German DAXEUR continues its optimism above 1 percent despite its recent losses. Technically speaking, as long as the 21 (18074) period exponential moving average currently supports the 18210 level, the positive trend may continue. If the upward demand continues, a movement area may form towards the 18350 and 18410 levels. Support Levels are the 18210 - 18140 range. Support: 18210 - 18140 Resistance: 18350 - 18410