DAX 40

Bullish

Archived analysis from Sep 29, 2026, 8:40 PM

Key insight

25,450 consolidates below all-time highs — break above 25,800 resistance opens 26,200 target; EUR/USD slip to 1.1337 provides export tailwind for DAX heavyweights.

25,449 holds above the 200-day MA near 23,800 and the 2025 breakout base at 24,000; trend is intact and gold's +1.4% surge signals risk-on rotation into European equities.

Main risk

EUR/USD reversal squeezing exporters

EUR/USD at 1.1337 (-0.3%); a rebound above 1.15 compresses DAX exporter margins and caps upside at 25,800 resistance.

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