DAXEUR

The DAXEUR pair is showing a downward trend, affected by negative pricing in global stock markets. Losses approaching 5% in Hong Kong and declines exceeding 1.50% in the French index in Europe have led the DAX40 to approach a weekly loss of 1%. Upcoming October CPI data from the U.S. and expectations for the Fed's December meeting could play a critical role in determining the market's direction. The expectation of rising inflation in the U.S. necessitates careful monitoring of possible changes in the Fed's interest rate policies.

Technically, the DAX40 is at a decision juncture in the 18995 – 19090 range. If it moves below this critical area, the selling pressure may increase, strengthening the likelihood of targeting the 18885 and 18780 support levels. In upward movements, the 19195, 19275, and 19350 resistance levels will be significant. The RSI indicator is at level 40, generally displaying a negative outlook. With a 0.21% decrease compared to yesterday's close, movements at the current levels should be closely monitored.