DAX 40
NeutralArchived analysis from Oct 1, 2026, 3:32 AM
Key insight
25,000 round-number support is the line in the sand: hold it and the Q3 breakout structure remains intact; lose it and the 200-day MA near 23,800 becomes the next magnet.
Stalls at 25,059 — 0.62% pullback on Q4 open as Europe underperforms US; DAX diverges from S&P 500 (+0.4%) while EUR/USD holds 1.1325, capping export-sector upside.
Main risk
EUR/USD strength above 1.13
EUR/USD at 1.1325 compresses DAX exporters' margins; a move to 1.15 would materially pressure auto and industrial earnings estimates.
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