DAX 40
BullishArchived analysis from Sep 24, 2026, 8:31 PM
Key insight
25,366 consolidates near all-time highs; break above 25,500 round-number resistance opens a run toward 26,000 psychological target. EUR/USD at 1.1375 caps export earnings — watch for ECB tone on rates.
25,366 holds above the 200-day MA near 23,800 and the 2025 all-time high at 23,476 — structural uptrend intact with European equities outperforming flat US indices.
Main risk
EUR/USD strength vs. export earnings
EUR/USD at 1.1375 squeezes DAX exporters (Volkswagen, BASF); sustained move above 1.15 would pressure Q3 earnings guidance revisions.
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