DAXEUR

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DAXEUR

Due to the Christmas and New Year holidays, when European markets see limited trading, DAXEUR pulled back from the peak of 20648 it reached in mid-December. Economic activities across Europe and developments in foreign markets continue to impact the index. Mixed trends in Asian markets, particularly expectations surrounding trade tariffs in China and signals of a slowdown in manufacturing activity, create uncertainty in global markets. The attempt by U.S. indices to start the new year with limited gains might be a directional indicator for DAXEUR as well. Manufacturing activity data expected from both Europe and the U.S. today could lead to new pricing in the markets.

Technically, DAXEUR is trading on a 4-hour timeframe chart. The levels of 20000, 19900, and 19800 are being monitored as support, while 20095, 20185, and 20280 serve as resistance. The RSI indicator stands at 57, displaying a positive outlook. It has been observed that the index recorded an increase of 0.21% based on its last close. If the index continues to price below the 20095 – 20280 range, the short-term negative outlook might be maintained. However, sustained movements above this range could allow the positive trend to engage again.

Support :

20000 - 19900 - 19800

Resistance :

20095 - 20185 - 20280