DAXEUR

The Germany DAX index is hovering around the pivot level of 22,454.38. The contraction of the economy in the U.S. could negatively impact Europe as well. However, Trump's investment announcements made yesterday, particularly the expectations for a revival in the high-tech sector, may support technology-heavy stocks in the DAX. Resistance levels of 22,629.38 and 22,710.78 will be monitored during upward movements. In the event of a decline, support levels of 22,372.98 and 22,197.98 are critically important. The announced weak economic data may limit the index's upward potential.