DAXEUR

The DAX Index is showing a cautious trend ahead of the Eurozone inflation data to be announced today and the ECB interest rate decision to be announced tomorrow. The expectation that the ECB will lower the interest rate from 2.65% to 2.40% and the deposit rate from 2.50% to 2.25% is having a positive impact on the index. However, the fact that the markets will be closed in Germany on Good Friday may increase the tendency to close positions. Technically, the level of 21,169 is a critical resistance point, and if this level is surpassed, the level of 21,476 may come into play. The Eurozone CPI data to be announced today, confirming a decrease in inflation, and the ECB's potential interest rate cut tomorrow are factors that will support the DAX index.