DAX 40

Bullish

Archived analysis from Sep 11, 2026, 1:27 PM

Key insight

25,544 grinds higher within a confirmed uptrend — next resistance is 25,800 swing high. Oil -3.2% cuts input costs for German industrials, net bullish for margin expansion.

25,544 holds above the 25,400 50-day MA — broad risk-on sweep with S&P 500 +0.9% and gold +1.6% confirms the trend; EUR/USD at 1.1603 limits export drag.

Main risk

EUR/USD strength above 1.16

EUR/USD at 1.1603 erodes DAX export earnings; a push above 1.17 would pressure autos and industrials at 25,200 support.

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