The German DE40 is losing nearly 0.5% during today's session, thus breaking below the lower limit of the consolidation zone set by the 50-day exponential moving average (blue curve in the chart below), which in the medium term is an important indicator of the overall trend. The dollar's rise, driven by proposed foreign trade protectionist changes, has taken a toll on sentiment in Europe.
At 1:30 p.m. GMT, investors will learn the latest CPI data from the U.S. for October, which is highly likely to raise market volatility in the U.S., but also in Europe.

At the moment, the DAX index is trading near the midpoint of the trading range since 2020 for the price/earnings multiplier, which may indicate that the index, based on estimated earnings of companies for the next 12 months, is trading close to fair value. Source: Bloomberg Financial LP

DE40 is breaking out of an important technical support structure. Source: xStation
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