DAXEUR

The DAX Index entered a clear downward trend (red line) after peaking in July. Each time the price approaches this trend line, it faces selling pressure, and it is currently being suppressed below the line. As long as this trend line, which corresponds to the approximately 24100-24150 range, is not exceeded, the technical outlook will remain negative. Following a possible decline, the August lows in the 23750-23800 band will be monitored as the first significant support.