DAX 40

Bullish

Archived analysis from Sep 22, 2026, 3:30 AM

Key insight

25,500 round-number support confirmed; next resistance at 26,000 all-time-high zone. EUR/USD at 1.1471 is a mild headwind for exporters but not enough to reverse the trend. Break above 26,000 opens 26,500.

25,620 holds above the 25,500 round-number base; DAX up 0.2% while EUR/USD firms at 1.1471, supporting export valuations and keeping the breakout structure intact.

Main risk

EUR/USD strength above 1.15

EUR/USD at 1.1471 compresses DAX exporter margins; sustained move above 1.15 historically pressures auto and industrial earnings.

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