DAX 40
BullishArchived analysis from Sep 22, 2026, 1:20 PM
Key insight
25,759 sits just below the round 26,000 resistance — a confirmed close above that level opens 26,500 (Fib extension). Failure sends price back to 25,200 prior consolidation base.
25,759 holds above the 200-day MA near 23,800 and prior 2025 highs at 24,000; trend structure intact with higher highs printing into all-time-high territory above 25,000.
Main risk
EUR/USD strength vs export earnings
EUR/USD at 1.1457 squeezes DAX exporters' margins; sustained move above 1.15 historically drags index EPS estimates lower.
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