DAXEUR

The DAX 40 index continues to be influenced by the negative performance observed across global stock indices on the fourth trading day of the week. While there is a general pressure in the European markets, the DAX 40 index in Germany is also affected by this trend. The index, experiencing a loss of around 1.50%, has reached a decision point due to uncertainties in global markets and the developments preceding elections in the USA. To maintain its long-term positive trend, the index needs to stay above current averages.

Technically speaking, on the daily chart, the DAX 40 index can find support at the 19,275, 19,195, and 19,090 levels, while upward movements are tracked at the resistance levels of 19,435, 19,530, and 19,630. The RSI indicator is at 44, indicating a negative market outlook. The index has registered a decrease of 0.75% compared to the previous day's closing. This suggests the index may remain under further selling pressure and requires careful monitoring.