DAXEUR

The Germany DAX index may continue to show sensitivity to changes in global risk appetite ahead of the growth data expected from the US and the Eurozone CPI data to be announced on Friday. The level of 24227.37 can be monitored as a significant support point during intra-day trading. If the index manages to stay above this level, it may create room for movement towards the resistance of 24552.31 with a potential recovery in risk appetite. On the contrary, a strengthening tendency to flee from risk in global markets increases the likelihood of breaking the support at 24227.37 and triggering a correction towards the level of 23776.27.