DAXEUR

The DAX 40 index is being influenced by the Asian markets, which are exhibiting a negative outlook despite weaker-than-expected stimuli in China. The decline in the Russell 2000 index in the U.S. and mixed movements in Europe were enough for the DAX to remain in the positive zone with a limited rise. Growth data from the UK and Core Retail Sales data from the U.S. could have an impact on the markets. Particularly as statements from Fed members are being followed, the effect of these developments on the DAX will continue to be monitored.

From a technical perspective, the DAX 40 index finds support at levels of 19195, 19090, and 18995 on a 4-hour timeframe. It is likely to test resistance levels at 19350, 19435, and 19530. The RSI indicator is at 45, exhibiting a neutral outlook. The index has experienced a 0.24% decline compared to the previous day. For the rise to continue, movements above the 19350 level should be monitored, otherwise a pullback towards the support levels at 19090 and below should not be disregarded.