DAX 40
BullishArchived analysis from Sep 29, 2026, 3:33 AM
Key insight
25,500 round-number resistance caps the near-term move; a daily close above it opens a run toward the 2026 all-time high at 26,200. Failure to clear it by week-end favours a pullback to 50-day MA at 24,800.
25,463 holds above the 50-day MA near 24,800 while European peers (CAC +0.3%, FTSE +0.2%) confirm broad bid; oil at $92.9 supports energy names and keeps the cyclical rally intact.
Main risk
EUR/USD at 1.1368 — export headwind
EUR/USD flat at 1.1368 but elevated vs. 2025 lows; every 1% EUR gain trims DAX EPS ~0.5% via export competitiveness drag on Autos and Industrials.
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