DAXEUR

image

DAXEUR

The DAXEUR pair is showing a certain recovery trend on the first trading day of the new year. However, the mixed course in U.S. and Asian markets continues to exert pressure on the index. In the U.S., Tesla's delivery numbers falling short of expectations negatively impacted the general index performance. Meanwhile, the strong rise in the U.S. dollar index and resilient pricing seen in gold are also felt in European markets. Domestically, inflation data and market expectations are among the elements carefully monitored.

From a technical perspective, the DAXEUR pair is showing congestion between the 20095 and 20185 levels on the 4-hour chart. A sustained close above the 20185 resistance level could signal the continuation of upward movements. In downward movements, the 20000 and 19900 support levels are important. The RSI indicator is at 60, suggesting a positive outlook. The pair is showing a 0.30% increase compared to the previous day, which could signal short-term upward momentum. However, it should not be forgotten that critical levels need to be monitored for a clearer direction determination.

Support :

20095 - 20000 - 19900

Resistance :

20185 - 20280 - 20385