DAXEUR

If the euro remains weak and European stock markets experience selling pressure after Germany's GDP is announced in the morning, pullbacks towards the support levels of 23649.12 and 23464.87 below the pivot of 24106.00 could be seen. Positive U.S. growth and a jump in U.S. bond yields after the evening's Fed meeting could increase pressure on the DAX. However, if the data comes in better than expected and the Fed sends dovish messages, a reactive upward movement could quickly test the resistances of 24289.25 and 24747.13. The level of 24106.00 is a directional indicator in the short term.