DAXEUR

The DAX40 index is moving in line with the mixed trend in European and Asian stock markets and the optimism observed in US stock indices. In Europe, Italy's economic pressure and the UK's efforts to remain positive stand out as the only positive change within the overall negative outlook, while the DAX40 index experiences losses slightly exceeding 1%. Geopolitical risks and economic data from the US and Europe are among the subjects carefully monitored by the market. These factors are influential on the general direction of the index.

From a technical perspective, the DAX40 index is at a decision point near the long-term monitored support level of 18995 – 19090. Maintaining this level is important for the continuation of the upward trend. However, confirmation of the rise requires sustained movements above the resistance zone of 19275 – 19350, located at the 55 and 89-period moving averages. The RSI indicator is displaying a neutral outlook around 50. The index has shown a slight increase of 0.14% during the day. If it pulls below the 18995 level, there is a risk of a retreat towards the 18885 and 18780 support levels.