DAXEUR

Fluctuating and cautious pricing continues on the DAX ahead of the Eurozone CPI data and U.S. data releases. The close trajectory of European inflation to its target and the economic indicators from the U.S. will be the main determinants of risk appetite and direction. A tight range around the pivot level of 24120.49 can be expected. Resistance levels are 24316.80 - 24406.52 - 24549.53, while support levels are 24030.77 - 23834.46 - 23691.44.