DAXEUR

The German DAX Index is facing significant importance this Friday with the release of Germany's first quarter GDP data. The index is trading above the pivot level of 23947.35. A growth figure exceeding expectations from Germany could support the index towards the resistance levels of 24229.15 and 24323.08. A deterioration in global risk appetite or disappointing GDP data could lead to a pullback towards the support levels of 23853.42 and 23571.62. Additionally, the US housing sales data to be released on Thursday could also impact the DAX through global markets.