DAX 40

Bullish

Archived analysis from Sep 22, 2026, 8:20 PM

Key insight

25,688 consolidates below the psychological 26,000 round number — a clean break above flips the target to 27,000; failure reloads the 25,000 support test.

25,688 holds above the 200-day MA near 23,800 and the 2025 breakout zone at 24,000; index trades within 3% of all-time highs, confirming structural uptrend.

Main risk

EUR/USD strength vs. DAX export earnings

EUR/USD at 1.1449 squeezes German exporter margins; every 5-figure move in EUR/USD hits DAX EPS estimates.

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