DAXEUR

The DAX 40 index is facing a decline of around 1.50%, influenced by the overall negative sentiment in global markets. This situation could represent a critical threshold for the positive trend the index has maintained for a long time. The general downward trend in Asian and European stocks, along with losses in small-cap indexes in the US, is putting pressure on the DAX 40. Notably, the losses in Japan and the US are significant. Currently, the DAX 40 is trading between the 55-day and 89-day moving averages, at levels of 19450 and 19535. Movements above these levels could help preserve the positive trend, while a contrary scenario poses a risk of falling to the support zone of 19090-18995.

From a technical analysis perspective, the DAX 40 index is currently trading at 19199 and is being monitored on a daily chart. The levels of 19195, 19090, and 18995 are tracked as support, while the levels of 19350, 19435, and 19530 are monitored as resistance. The RSI indicator is at 44, indicating a negative trend. The index, which lost 0.68% compared to the previous day, may continue to remain under pressure. To clarify the medium-term outlook, the index's sustained movements between the identified support and resistance levels are important.