NDXUSD

On the first trading day of the week, NASDAQ100 futures reached record levels following U.S. President Trump's announcement of a new trade agreement with the European Union. This agreement anticipates a 15% customs duty on imports from the EU. Additionally, according to a report by Reuters, the U.S. and China are expected to extend their trade truce for another 90 days. This week marks a significant period with the release of critical data such as earnings season, the Fed statement, core PCE price index, and employment market figures.

The NASDAQ100 index is trading above the indicators we are monitoring on the 4-hour chart. As long as it remains above the support level of 23423, which is supported by the lower trend line, a positive trend may continue. If the upward momentum persists, resistance levels of 23565 and 23625 could be targeted. In an alternative scenario, for a downward expectation to prevail, closures below the 23423 level may be necessary, bringing support levels of 23300 and 23200 into focus.