DAXEUR

The DAXEUR pair is shaped by a busy data calendar on the global economic agenda in the new week. The FOMC meeting minutes, Germany and Eurozone CPI data, along with Q3 growth and Fed inflation indicator PCE from the U.S., are among the key factors that could influence the pair's course. Additionally, limited but important data such as Germany's IFO Business Climate Index are also on investors' radars. The Thanksgiving holiday in the U.S. may cause a decrease in trading volumes in the markets. Developments such as the optimistic atmosphere in Asian markets and Trump nominating Scott Bessent for the Treasury Department could impact the trajectory of global markets.

From a technical perspective, the DAX40 index is demonstrating an upward momentum by moving above the 19275 level. The 18995 – 19090 area stands out as a critical zone that has been closely monitored and has supported the rise since October. The index maintaining a sustained movement above this level increases the potential for the move towards the 19800 peak to continue. However, the 19530 level may determine whether this rise will continue or if there will be a pullback towards the averages. The RSI indicator is at 71.5, showing a positive outlook. The index, with a 0.37% increase compared to yesterday’s closing level, continues on a strong momentum.