Daily Analysis

[Zforex]

EUR/USD Faces Resistance at 200-day MA, Potential Reversal Ahead
The EUR/USD is encountering resistance at the 200-day moving average (MA) after nearing the 50-day MA close to the 1.0900 resistance level. The pair appears to be facing strong resistance at the current level, indicating a potential reversal.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
1.1000	1.0900	1.0850	1.0750	1.0700	1.0650

Below 1.2730 Resistance: GBP/USD Reflects Economic Uncertainty
The GBP/USD is maintaining its position below the 1.2730 resistance level, with the 50-day moving average (MA) acting as resistance. Despite the recent increase, the pair continues to exhibit volatility and a lack of clear direction, mirroring the persistent uncertainty around the UK's economic fundamentals.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
1.2930	1.2800	1.2730	1.2500	1.2300	1.2470

Bullish Momentum: USD/JPY Eyes 152.00 Resistance Level
The USD/JPY pair is advancing towards the upper side, with the next target approaching the 152.00 resistance level. The overall trend remains bullish, with the 152 area serving as the next resistance should the pair continue to rise.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
155.00	152.00	151.70	150.00	148.00	146.50

Gold Rebounds on Dollar Weakness and Geopolitical Tensions
Gold is rebounding after encountering resistance at the 50-day moving average (MA), which initially restrained its advance before reaching 2038. The dollar's weakness, coupled with geopolitical tensions in the Middle East, has supported gold's recovery.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
2077	2055-60	2038	2006	1975	1965

Oil Nears Resistance at $78 Amid Neutral Performance

Oil consistently hovers around the resistance level in the $78 area, closing the week with a neutral performance. A breakout could push prices toward $81, while a pullback might lead prices toward the $73 support level. Oil appears to be in an accumulation phase, poised for a potential upward reversal if demand-side fundamentals improve.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
84	81	78	73	70	68

 

[Zforex]

EUR/USD Testing Resistance at 200-Day MA, Potential Reversal Ahead
The EUR/USD pair hovers around the resistance at the 200-day moving average (MA) after nearing the 50-day MA close to the 1.0900 resistance level. The pair appears to be facing strong resistance at the current level, indicating a potential reversal.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
1.1000	1.0900	1.0850	1.0750	1.0700	1.0650

GBP/USD Holds Below 1.2730 Resistance, Reflects Economic Uncertainty
The GBP/USD is maintaining its position below the 1.2730 resistance level, with the 50-day moving average (MA) acting as resistance. Despite the recent increase, the pair continues to exhibit volatility and a lack of clear direction, mirroring the persistent uncertainty around the UK's economic fundamentals.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
1.2930	1.2800	1.2730	1.2500	1.2300	1.2470

USD/JPY Remains Below 151.00, Bullish Outlook Persists
The USD/JPY pair is still below 151.00 while the general outlook is still bullish and the next big target is at 152.00. This week's economic data may contribute to a possible volatility on the pair.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
155.00	152.00	151.70	150.00	148.00	146.50

Gold Reaches 3038 Resistance, Correction Follows
Gold reached the resistance level of 3038 and corrected from this level, still benefiting from the current conditions. The breakout of the actual resistance level may pave the way for further advancement toward the next target at 2055-60.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
2077	2055-60	2038	2006	1975	1965

Oil Corrects, Uncertain Direction with Demand-Supply Impact
Oil is undergoing a slight correction today, extending from last week. The next support level for oil stands at 73. The commodity remains in a state of uncertainty, exhibiting range movements, as the unclear impact of demand-supply forecasts continues to influence its price direction.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
84	81	78	73	70	68

 

[Zforex]

EUR/USD Eyes 1.0900 Resistance as Dollar Weakens
The EUR/USD pair is making another attempt to advance toward the 50-day Moving Average, near the 1.0900 resistance level. The pair is finding support with the weakening dollar but requires further backing from upcoming economic data.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
1.1000	1.0900	1.0850	1.0750	1.0700	1.0650

GBP/USD Gains Momentum on Dollar Weakness
The GBP/USD, similar to the EUR/USD, is benefiting from the dollar's weakness and the market's anticipation of a later rate cut from the BoE. This is aiding the pair's upward movement toward the 1.2730 resistance level.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
1.2930	1.2800	1.2730	1.2500	1.2300	1.2470

USD/JPY Holds Below 151.00, Bullish Outlook Targets 152.00
The USD/JPY pair is still below 151.00 while the general outlook is still bullish, and the next big target is at 152.00. The Japanese inflation data benefited slightly pair to correcting today while this week's data from the US may lead to more volatility.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
155.00	152.00	151.70	150.00	148.00	146.50

Gold Resumes Bullish Momentum, Eyes 2038 Resistance
Gold, after correcting from the 2038 resistance level, is resuming its bullish short-term trend, aiming to test this level again. A breakout above this level could propel the price toward the next target area of 2055-60.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
2077	2055-60	2038	2006	1975	1965

Oil Hovers Around $78 Resistance with Geopolitical Uncertainty
Oil is fluctuating near the resistance level of approximately $78 as uncertainty increases due to geopolitical tensions and economic concerns affecting market sentiment. The direction of oil remains unclear, and range-bound movements may persist.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
84	81	78	73	70	68

 

[Zforex]

EUR/USD Faces Dollar Rebound, Eyes Key Resistance at 1.0850
The EUR/USD pair has been affected by the rebound of the US dollar after reaching a resistance area at 1.0850. Volatility is likely to persist given the significance of this week's economic data. A breakout beyond the 50-day moving average (MA) would signal a reversal for the pair, while a retreat below 1.0750 would indicate a return to the downtrend.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
1.1000	1.0900	1.0850	1.0750	1.0700	1.0650

GBP/USD Corrects Amid Dollar Influence
The GBP/USD pair's correction today was also influenced by the dollar, with the price fluctuating between 1.2500 and 1.2700. This range continues to represent uncertainty for the pair.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
1.2930	1.2800	1.2700	1.2500	1.2300	1.2470

USD/JPY Testing 151.00 Amid Bullish Outlook
The USD/JPY pair is testing again at 151.00 while the general outlook is still bullish, and the next big target is at 152.00. economic data will influence the direction this week.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
155.00	152.00	151.70	150.00	148.00	146.50

Gold Faces Strong Resistance at 2038
The resistance level at 2038 is acting as a strong barrier, capping gold prices. A breakout above this level could propel prices toward the 2055-60 area, while a retreat would likely see prices revisiting the 2006 support level.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
2077	2055-60	2038	2006	1975	1965

Oil Prices Hover Near $78 Resistance Amid Geopolitical Tensions
Oil prices are wavering around the $78 resistance level amid escalating geopolitical tensions and economic uncertainties that are influencing market sentiment. The direction of future oil prices is uncertain, suggesting that fluctuations within a certain range may continue.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
84	81	78	73	70	68

 

[Zforex]

EUR/USD Rebounds from 50-Day MA
The EUR/USD pair is rebounding from the 50-day moving average (MA) resistance area, with the next support level at 1.0750. The dollar has rebounded and may continue to rise, potentially leading to further sell-offs in the EUR/USD.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
1.1000	1.0900	1.0850	1.0750	1.0700	1.0650

GBP/USD Range-Bound, Uncertainty Persists
The GBP/USD pair fluctuates between 1.2500 and 1.2700. This range indicates continued uncertainty for the pair where a clear direction is not clear.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
1.2930	1.2800	1.2700	1.2500	1.2300	1.2470

USD/JPY Range-Bound, Eyes Bullish Momentum Towards 152
The USD/JPY pair has entered a short-term range of movement between 150.70 and 149.70. The overall outlook for the pair remains bullish, with 152 being the next significant target.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
155.00	152.00	151.70	150.00	148.00	146.50

Gold Breaks Resistance, Targets 2055-2060 Level
Gold is benefiting from yesterday's data, having broken out above 2038, and is now advancing toward the resistance level at 2055-2060.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
2088	2077	2055-60	2038	2006	1975

Oil Prices Stagnate Near $78 Resistance Level
Oil prices have continued fluctuating around the $78 resistance level for the last 3 days without direction. The future direction of oil prices remains uncertain, indicating that continued fluctuations within a specific range are likely.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
84	81	78	73	70	68

 

[Zforex]

EUR/USD Remains Range-Bound, Uncertainty Appears
The EUR/USD pair continues trading within a short-term price range, with the 50-day moving average (50MA) continuing to act as a resistance level. The outlook appears increasingly uncertain as more economic data for both the US and the Eurozone is set to be released this week.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
1.1000	1.0900	1.0860	1.0750	1.0700	1.0650

GBP/USD Remains Range-Bound Between 1.2500 and 1.2700
The GBP/USD pair continued fluctuating between 1.2500 and 1.2700 where the price touched the resistance. This range indicates continued uncertainty for the pair where a clear direction is not clear. Outside of those levels, the pair may find direction.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
1.2930	1.2800	1.2700	1.2500	1.2300	1.2470

USD/JPY Holds Steady Within 150.70 - 149.70 Range, Eyes 152 Target
The USD/JPY pair continued its last week's short-term range of movement between 150.70 and 149.70. The overall outlook for the pair remains bullish, with 152 being the next significant target.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
155.00	152.00	150.70	149.70	148.00	146.50

Gold Maintains Bullish Momentum, Targets 2100
Gold's bullish momentum continues, with the potential to rise beyond 2100 on a permanent basis. The fundamentals are supportive, setting the next target at 2146.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
2160	2146	2120	2088	2055-60	2038

Oil Faces Resistance at $80, Potential Reversal in Sight

Oil finds resistance at the upper parallel of the long bearish channel around the $80 area. A reversal can be confirmed following a breakout of this resistance level. Currently, demand uncertainty continues to weigh on oil movements.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
84	82	80	78	73	70

Nasdaq Futures Slip, Eyeing Support at 18,000
Nasdaq Futures continue to trend negatively today, following yesterday's correction at the resistance line. The next support level is at 18,000. The index is currently in overbought territory, awaiting further macroeconomic developments in the US economy and monetary policy decisions to either correct or continue its ascent, as risk appetite remains high.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
18800	18500	18350	18000	17700	17400

DAX Correction Continues, Eyes 17,600 Support
The DAX is undergoing a correction for the second consecutive day, yet with the momentum still strong, the bullish trend remains intact. The 17,600 area could serve as the next support level. Economic data, including today's PMI, could impact performance.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
18700	18444	18000	17600	17500	17300

 

[Zforex]

EUR/USD Nears 1.0900 Resistance Amid Dollar Weakness
The EUR/USD pair climbed higher towards the 1.0900 resistance level, benefiting from the dollar's decline. Today's ECB meeting can influence the pair's potential to advance beyond its current level towards the next target at 1.1000 or retreat to 1.0800.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
1.1100	1.1000	1.0900	1.0800	1.0700	1.0650

GBP/USD Surpasses 1.2700, Targets 1.2800 Amid Dollar Weakness
The GBP/USD pair broke through the 1.2700 resistance level, moving forward toward the next target at 1.2800. As the dollar continues to weaken, the pound will benefit from further advancement.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
1.3100	1.2930	1.2800	1.2700	1.2500	1.2300

USD/JPY in Strong Sell-off, Targets 148.00 Support
The USD/JPY is experiencing a strong sell-off, moving towards the next support level at 148.00. The Yen is gaining strength from its fundamentals and market anticipation of the BOJ's next rate hike.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
155.00	152.00	149.70	148.00	146.30	145.00

Gold Approaches Record Highs, Tests 2160 Resistance Amid Market Volatility
Gold's momentum continues to drive it towards new historical highs, touching the 2160 resistance level. Today, Powell's testimony may create more volatility in the markets, from which gold could benefit or might correct after this movement. A correction seems necessary, considering the current movement.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
2200	2180	2160	2120	2088	2055-60

Oil Stagnates Near $79-80 Amid Resistance
Oil continues to hover around the 79-80 level, where the resistance level from the upper parallel of the bearish channel continues to act as resistance. A breakout will take the price towards 82, while a reversal will bring the price down to 76.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
84	82	80	76	73	70

Nasdaq Futures Decline Ahead of Powell's Testimony
Nasdaq Futures are down today following yesterday's slightly positive performance, as the markets await Powell's testimony. Additionally, a potential divergence in the RSI (Relative Strength Index) is becoming apparent. The index is currently considered overbought, with market participants closely monitoring the unfolding developments in the US economy and upcoming decisions on monetary policy. These elements will be crucial in determining whether the index undergoes a correction or continues its upward trend, especially as the appetite for risk remains high.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
18800	18500	18350	18000	17700	17400

DAX Awaits ECB Meeting, Sustains Bullish Momentum Near Peak
The DAX is hovering around its peak, anticipating further developments, especially from today's ECB meeting. Despite recent adjustments, the momentum remains strong, sustaining the bullish trend. The 17,600 region serves as a crucial support level. Future economic events will persist in shaping market sentiment and influencing the index's performance.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
18700	18444	18000	17600	17500	17300

 

[Zforex]

EUR/USD Soars as Dollar Weakens, NFP to Dictate Next Move
The EUR/USD pair continues to rise as the dollar keeps declining. Today's NFP data will likely create significant volatility, influencing the pair's potential to either advance beyond its current level towards the next target of 1.1000 or retreat to 1.0870.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
1.1100	1.1000	1.0950	1.0870	1.0700	1.0650

GBP/USD Tests Resistance at 1.2800, US Data to Spark Volatility
The GBP/USD pair reached the 1.2800 resistance level, a height not seen since last December. The dollar weakness and pound strength are beneficial for the pair to continue its upward trajectory, although today's US data may introduce some volatility.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
1.3100	1.2930	1.2800	1.2700	1.2500	1.2300

USD/JPY Falls to 148.00 Support as Yen Gains Momentum on BoJ Hike Bets
The USD/JPY is experiencing a strong sell-off where it reached the 148.00 support level. The Yen is gaining strength from its fundamentals and market anticipation of the BoJ's next rate hike.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
155.00	152.00	149.70	148.00	146.30	145.00

Gold Eyes Record Highs at $2160, NFP Data to Test Momentum
Gold's momentum is pushing it towards new historical highs, reaching the $2160 resistance level. Today's US labor market data will influence gold and market sentiment. A correction appears necessary, given the current movement.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
2200	2180	2160	2120	2088	2055-60

Oil Stalls at 79-80, US Data Eyed for Breakout or Breakdown
Oil continues to hover around the 79-80 level, showing a clear uncertainty this week, where the resistance level from the upper parallel of the bearish channel continues to act as resistance. A breakout will take the price towards 82, while a reversal will bring the price down to 76.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
84	82	80	76	73	70

Nasdaq Expects Correction or Extension as NFP, RSI Divergence Loom
Nasdaq futures are up again after yesterday's strong positive performance, as the markets await NFP data today. A potential divergence in the RSI (Relative Strength Index) is also becoming apparent. The index is currently considered overbought, with growing confidence that June is the next date for starting the rate cut which is fundamentally bullish for markets. These elements will be crucial in determining whether the index undergoes a correction or continues its upward trend, especially as the appetite for risk remains high.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
18800	18500	18350	18000	17700	17400

DAX Charges Toward 18,000 on ECB Rate Cut Hopes
The DAX has achieved a new historical high, fueled by strong momentum and the market's anticipation of an ECB rate cut in June, sustaining the bullish trend. 17,600 is a critical support level, while 18,000 acts as resistance. Ongoing economic events will continue to mold market sentiment and impact the index's performance.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
18700	18444	18000	17600	17500	17300

 

[Zforex]

EUR/USD Corrects from 1.0950 Resistance, Eyes 1.1000 Target
The EUR/USD pair corrected from the resistance level of 1.0950 while the price movement for today is muted as the market digests CPI data waiting for the PPI. The next target will be the round number 1.1000, while a support level is at 1.0870.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
1.1100	1.1000	1.0950	1.0870	1.0700	1.0650

GBP/USD Pulls Back to 1.2800 Support, Aims for 1.3000
The GBP/USD pair has pulled back to the support level at 1.2800 following its recent approach to the resistance level. It is now eyeing the 1.3000 mark as its next objective. The momentum behind the pair remains robust, suggesting a continued upward movement, bolstered by the latest economic data, including today's GDP figures indicating a recovery.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
1.3200	1.3100	1.3000	1.2800	1.2700	1.2500

USD/JPY Rebounds from 146.30 Support, Awaits Market Developments
The USD/JPY pair bounced back from the support level at 146.30 and is now awaiting further developments. The strengthening of the Yen is attributed to solid fundamentals and market expectations of a policy shift by the Bank of Japan, bolstered by a general increase in wages in Japan, which supports more enduring inflation.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
152.00	149.70	148.00	146.30	145.00	144.00

Gold Correction Amid Dollar Strength, Bulls Remain Optimistic
Gold experienced a correction yesterday following CPI data that supported the Dollar and Treasury yields. Despite this, the correction appears to be constrained as markets anticipate additional data. Gold remains in a bullish stance and is positioned to advance further. The next resistance level is set at 2200, with potential support identified around the 2140-45 range.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
2300	2250	2200	2140-45	2088	2055-60

Oil Market in Limbo: Supply-Demand Tensions Persist, Resistance at $80
Oil prices exhibit uncertain movements and an unclear path amidst the ongoing battle between supply and demand. OPEC's efforts to bolster prices are met with ambiguous demand from major economies such as the US and China, as the economic outlook remains uncertain. The resistance level for oil prices stands at 80, with 76 serving as the support level.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
84	82	80	76	73	70

Nasdaq Range-Bound as Overbought Conditions Signal Potential Correction
The Nasdaq is exhibiting signs of uncertainty, with its price action confined within a range. The 18,400 level is acting as a resistance, while overbought conditions are putting pressure on the prices. A correction towards the 17,600 level appears to be a possibility. Additionally, today's CPI data could significantly impact the index's movement.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
18800	18600	18400	17600	17400	17200

DAX Maintains Momentum, Targets 18,000 Resistance Level
The DAX continues its strong momentum with new highs where 18,000 is the next resistance level followed by the 18440 region.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
18700	18440	18000	17600	17500	17300

 

[Zforex]

EUR/USD Retreats to 1.0870 Support on Dollar Strength After PPI Data
The EUR/USD pair returned to the support level around 1.0870 following dollar strength after yesterday's PPI data, confirming persistent inflation. A downward breakout could drive the price toward the next level of 1.0800 followed by 1.0700.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
1.1100	1.1000	1.0950	1.0870	1.0800	1.0700

GBP/USD Breaks Support at 1.2800, Now at 1.2740
The GBP/USD pair breached the support level of 1.2800 and is now at 1.2740, which is the median line of the overall bullish channel. The current trend remains bullish, with the pair in the buying territory above the median line. However, another downward breakout could drive the price towards 1.2600.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
1.3200	1.3100	1.3000	1.2800	1.2740	1.2600

USD/JPY Rebounds for Fourth Day Ahead of BOJ Meeting Next Week

The USD/JPY pair continues its recovery for the fourth consecutive day. The market is anticipating next week's Bank of Japan (BOJ) meeting, which is expected to support the yen if the bank alters its monetary policy.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
152.00	149.70	148.00	146.30	145.00	144.00

Gold Exhibits Uncertainty Amid Forming Descending Triangle Pattern
Gold is showing uncertainty at the actual level where a descending triangle is forming. The next resistance level is set at 2200, with potential support identified around the 2140-45 range.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
2300	2250	2200	2140-45	2088	2055-60

Oil Experiences Reversal, Correcting from Resistance at 81-82
Oil is confirming a reversal movement, currently experiencing a slight correction after reaching the resistance level at 81-82. A breakout above this level could propel the price towards the next target of 84.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
88	84	82	78	76	73

Nasdaq Range-Bound Amid Uncertainty; Potential Correction Ahead
The Nasdaq appears to be entering a price range, indicating uncertainty at the current levels. Yesterday's PPI data introduced further uncertainty, and considering next week's FOMC meeting, the market may experience a more ambiguous direction. Technically, this price action could suggest a potential correction.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
18800	18600	18400	18000	17600	17400

DAX Hits New Highs, Eyes 18,440 Amid ECB Rate Cut Expectations
The DAX is gaining momentum, achieving new peaks with 18,000 serving as the current resistance level, and aiming for the 18,440 mark next. The positive trend in European stocks is primarily driven by the widespread expectation that the ECB will reduce interest rates in June, in anticipation of a further decline in inflation towards the 2% target.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
18700	18440	18000	17600	17500	17300