DAX Gains Momentum: Eyes Set on 18,700 Amid ECB Rate Cut Speculation
The DAX is on an upward trajectory, buoyed by optimistic stock sentiment primarily driven by anticipations of an ECB rate reduction in June with a possible cumulative of 100bp cuts this year. The index is aiming for the next key level of 18,700. EU economic data this week will influence market direction and sentiment.
Resistance 3 |
Resistance 2 |
Resistance 1 |
Support 1 |
Support 2 |
Support 3 |
18700 |
18440 |
18000 |
17600 |
17500 |
17300 |