European Markets Expected to Start New Quarter Weakly

GOOGL shares closed up 4.15% with an RSI of 63, not yet approaching overbought territory. However, expectations of a weak start in European markets could negatively impact global risk appetite. Technically, the MACD is above its signal line, and the price is trading above the 20- and 50-day moving averages, supporting a short-term bullish trend. Nevertheless, the negative global sentiment highlighted in the news headline may limit further upside and cause the stock to consolidate at current levels. Therefore, it is difficult to determine a clear direction, and the market's reaction to the European opening should be monitored.

Although the DAX index closed 1.2% higher, the RSI at 62 is approaching overbought territory. While the MACD remains positive and above the signal line, momentum may be weakening. Headlines point to expectations of a weak start to the new quarter, which could limit upside movement in the short term. Technical indicators do not signal a strong decline, but a new catalyst is needed to sustain the rally. Therefore, a sideways or slightly bearish trend can be expected in the near term.

EURUSD is trading at 1.1403, having closed below the 20-day SMA (1.1416). The RSI is in weak territory at 45, while the MACD remains negative below its signal line. Headlines reflect expectations of a weak start in European equities, which could weigh on the euro. In the short term, the pair is likely to test support at 1.1400, but since it is not in oversold territory, the downside may be limited.

The EURTRY pair traded flat in the last session, with the RSI at 49.37, indicating a neutral zone. The MACD line remains below the signal line, suggesting weak short-term momentum. The price is trapped between the 20-day and 50-day moving averages, offering no clear directional signal. Although the news headline points to weakness in European stock markets, a direct impact on EURTRY is not expected as the pair is more influenced by local dynamics. Therefore, a sideways trend is anticipated in the short term.