DAXEUR
The DAX Index is showing a continuation of recovery movements in a challenging environment affected by factors such as the recent 25 basis point interest rate cut from the ECB, concerns over trade tariffs, the potential impact on German companies’ exports, and the expectation that the Germany Ifo Business Climate Index will drop from 86.7 to 85.2. Technically, it can be said that the upward trend in the DAX has been disrupted in the medium term, but as long as it remains above the psychological support level of 20,000, upward movements may occur. As long as the ECB's interest rate cut policy supporting upward movements continues, it is deemed appropriate to conduct transactions based on the mentioned support levels.
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Resistance :