DAXEUR

The DAXEUR pair is exhibiting a volatile trend on the fourth trading day of the week, influenced by negative pricing reactions in global markets. While there are losses exceeding 5% in Hong Kong, the notable drops near 1.70% in France are drawing attention in Europe. Signals of contraction in Germany's economic outlook and Trump's tariffs are among the significant factors creating pressure on European stock markets. Political developments in Europe, along with upcoming PPI data from the US and speeches by Fed Chair Powell and ECB President Lagarde, could increase the pressure on the index.

Technically, the DAXEUR index has been trading in the 18995 - 19090 range for a long time. This range, remaining below the 55 and 89-period moving averages (19350 - 19435), indicates a short-term decision phase. If the index considers this range as a bottom, an upward movement towards the averages may be observed. However, if it falls below this range, the potential for deepening sales and a decline towards the 18215 level could come into play. The RSI indicator is showing a neutral trend at the 45 level. The index has lost 0.12% in value compared to the previous day.