DAXEUR

DAX may remain under pressure due to global flight to safety and concerns about the European economy. Increasing geopolitical risks could drive investors away from risky assets like the index. Technically, with the index showing a weak trend below the pivot level of 23453.99, sales may be seen towards the support levels of 23174.50 and 23001.59 as long as this level is not surpassed. For the markets to recover, dovish messages from the Fed and a reduction in geopolitical tension are needed.