DAXEUR

The inflation data in the Eurozone, aligning with expectations, and the strong ISM Services PMI data announced in the U.S. are creating a positive atmosphere in the Dax40 index. The index has been exhibiting a positive outlook since the first trading day of the week, advancing towards the 20648 peak. Market attention has shifted to the ADP private sector employment data and the FOMC minutes, where details of the Fed's December meeting will be revealed. The strong performance of the data from the U.S. is causing the dollar to appreciate and leading markets to refocus on the fight against inflation.

From a technical perspective, the Dax40 index is trending above the 50 and 100-period moving averages at the 20185 level, supporting the upward movement. As long as it remains above the 20385 level, the possibility of reaching the 20648 resistance remains strong. In case of potential pullbacks, the levels of 20385, 20280, and 20185 should be monitored as support. The RSI indicator stands at 52, showing a neutral outlook. The index has registered a 0.02% decline compared to the previous day.