DAXEUR

The DAX index has produced a short-term weakness signal by dipping below the 23,700 pivot level. This week, economic data from Germany and the Eurozone will be decisive for the direction of the index. The Germany CPI to be announced on September 30 and the Eurozone CPI to be released on October 1 will show the trend of inflationary pressures and shape expectations regarding the ECB's monetary policy. High inflation data may create pressure on the index due to concerns that interest rates will remain high for a longer period, potentially dragging it down to the 23,489 (Support 2) level. On the other hand, a recovery in the Manufacturing PMI data coming on October 1 could signal the resilience of the economy, strengthening buying and potentially pushing the index back up to the 23,872 (Resistance 1) level.