DAXEUR

The DAX is awaiting clues about Europe's economic health with Germany's GDP (Wednesday 11:00) and CPI (Thursday 15:00). A worse-than-expected GDP or slowing inflation index could lead to a pullback towards the supports at 23649.12 and 23464.87, below the 24106.00 pivot. Conversely, a better-than-expected GDP figure could give momentum to the index, allowing movement towards the resistances at 24289.25 and 24747.13. On the US side, the FOMC and employment data could affect global risk appetite, thus impacting the DAX as well. Price movements below the 24106.00 pivot level could highlight selling pressure.