DAXEUR

image

DAXEUR

DAX is sensitive to fluctuations in risk appetite ahead of Friday's German CPI. The range of 24227.37–24552.31 can be monitored as a pivot area for determining direction during the day; strengthening potential increases above this band at 24878.46, while weakening potential rises towards 23776.27 below it. Growth concerns and energy prices may create dual pressure on the index. On the European side, surprising disinflation signals may provide limited support for the valuation premium, but negative growth headlines could dampen upward reactions.