DAX 40

Bullish

Archived analysis from Sep 29, 2026, 1:51 PM

Key insight

25,500 round-number support confirmed intraday; break above 25,800 Aug swing high opens path to 26,000 psychological target. Gold at $4,156 signals risk-off hedging, limiting upside conviction near-term.

25,542 holds above the 25,400 50-day MA — DAX outperforms CAC and FTSE today, confirming relative strength in European equities despite EUR/USD slipping to 1.1346.

Main risk

EUR/USD slide compressing export earnings

EUR/USD at 1.1346 (-0.2%) tightens margins for DAX exporters; a drop below 1.12 would materially pressure Q3 guidance.

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