DAX 40
BullishArchived analysis from Sep 25, 2026, 1:22 PM
Key insight
25,474 trades just beneath the 25,500 round-number resistance; a weekly close above it opens 26,000 as next target. Oil drop to $92 (-2.5%) eases input costs for German industrials — net bullish at the margin.
25,474 holds above the 200-day MA near 23,800 and Q2 2026 breakout base at 24,000; EUR/USD 1.1406 adds FX headwind for exporters but broad risk-on tone keeps index bid.
Main risk
EUR/USD strength at 1.1406
EUR/USD at 1.1406 compresses export margins for DAX heavyweights; sustained move above 1.15 would pressure earnings estimates.
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