DAXEUR

Global stock indices are generally exhibiting negative performance this week. In Asia, Japan and Tokyo indices have experienced losses exceeding 2%, while the Russel 2000 index in the US is under similar pressure. In European markets, a sell-off pressure is observed across various country indices, including Germany. Notably, the DAX 40 index has drawn attention with a decline of around 1.50%. This situation has become more prominent due to global economic uncertainties and speculations regarding the upcoming US elections and the Fed's monetary policy.

Technically, the DAX 40 index is trading between the 19450 – 19535 levels, which are the 55 and 89 period moving averages. For upward movements, the first resistance levels to watch are set at 19720, 19800, and 19875. In the case of downward movements, the support levels are 19558, 19486, and 19350, respectively. The RSI indicator is in the neutral zone, with a 0.07% increase in the index compared to the previous day. Whether the index sustains movements above or below these moving averages could be significant in determining the trend direction.