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DAX reaches new highs ahead of critical EU inflation data
The DAX is trading at 18,951.2 on the daily chart, nearing its all-time high of 19,303.0. The index has shown strong bullish momentum, supported by the 50-day and 100-day moving averages, with the RSI indicating potential overbought conditions at 67.55.
Investors are closely watching today's Eurozone CPI and unemployment rate releases, which are expected to heavily influence the market. A higher-than-anticipated CPI could ignite inflation fears, potentially triggering a pullback as the ECB's policy outlook becomes uncertain. Conversely, a positive unemployment report might push the DAX beyond the 19,303.0 resistance level, setting new record highs.
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