DAXEUR

The DAX index is closing the week in positive territory, driven by an increase in global risk appetite. The dovish decision from Wednesday's FOMC meeting boosted the willingness to take risks in global markets, pushing the index above the 23709.50 pivot level. With this rise, the index tested the resistance at 23817.40 and will seek to maintain above this level today. If successful, the final target for the week will be 23902.20. The data coming from the Eurozone not creating pressure on the ECB also supports the positive sentiment in the index. During pullbacks, the 23709.50 level serves as the main support for the day.