European Indices have been catching up to their American and Japanese counterparts, with both the Euro Stoxx 50 and the DAX residing just underneath their early 2026 highs. Two weeks ago, we outlined the path the DAX could take in its pursuit of new highs.
DAX on the Daily Timeframe
We noted that the Open Gap was key to close, from where the path to new ATHs above €25,641 was wide open. That’s exactly what has happened as price is now testing this area from the upside, and seemingly finding support.
DAX on the Hourly Timeframe
The expectations going forward now look akin to the following: find support within the €24,983 to €25,325 zone, and move up from there.