DAXEUR

The DAX 40 index is following a negative trend with limited weekly changes under the influence of overall global market uncertainty and economic indicators. Despite the optimism observed in U.S. stock markets, the pressure seen in European markets is affecting the DAX's performance. Particularly, upcoming PMI data from Germany and the Eurozone are among the main figures the market is focusing on. The general negative outlook in Europe, excluding the UK, may exert pressure on the index.

Technically, the DAX 40 index is trying to find support at the levels of 19195, 19090, and 18995. Resistance levels are noted at 19350, 19435, and 19530. The RSI indicator is at the level of 56, showing a neutral market outlook. It is crucial for the index to sustain movements above the 19350 resistance level to continue its upward trend. However, a close below the 19195 level could create pressure towards lower levels. The index has recorded a 0.02% decline compared to the previous day.