DAXUSD

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DAXUSD

European stock markets were positive yesterday as they were expecting the bank to make a 25 basis point cut in the ECB interest rate decision to be announced today. While the Dax40 index gained close to 1%, clues will be sought for the bank's next roadmap in President Lagarde's statements after the decision today. When we technically examine the short-term pricing of the DAXEUR index, we are following the 18600 - 18700 region. For positive expectations, it can be expected that the index will move above the relevant region supported by the 20 -89 period exponential moving average. As long as the index moves below the relevant region, negative expectations are at the forefront. In declines, 18500 - 18400 can be followed as support. In increases, 18700 - 18800 levels can be followed as resistance points. Support: 18500 - 18400 Resistance: 18700 - 18800