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Momentum Shift: DAX (GER30) Gains Ground Uncharted Highs
Low holiday-period volumes may exaggerate market reactions to today's news cycle. Market participants are buoying the DAX, closely tracking Bayer as the Ruveon launch gains momentum, signaling a possible structural divestiture. To manage its U.S. glyphosate portfolio more effectively, the Bayer Group launched Ruveon LLC in July 2026 and this St. Louis-based, wholly-owned subsidiary now oversees all related domestic business functions. The May high of 25,438 now functions as the main psychological support.
Source: Bayer
As the index trades in uncharted territory at record highs, it has moved beyond traditional technical resistance benchmarks. Healthy rotation into both defensive and cyclical plays is supporting the index grounding the recent uptrend in broad market participation.
KEY MOVEMENT DRIVERS TO WATCH FOR
EURO S&P GLOBAL SERVICES PMI FINAL JUNE
EURO S&P GLOBAL COMPOSITE PMI FINAL JUNE
GERMANY NEW CAR REGISTRATIONS YoY JUNE
GERMANY S&P GLOBAL SERVICES PMI FINAL JUNE
GERMANY S&P GLOBAL COMOPOSITE PMI FINAL JUNE
European Central Bank (ECB) President Lagarde speech.
Source: EURONEWS
Based from the speech of ECB President from Sintra that the European Central Bank is moving away from over a decade of unconventional measures, such as bond buying and forward guidance, to return to interest rates as its primary policy tool. While this shift reflects a more resilient eurozone, Lagarde cautioned that the ECB must now navigate a significantly more volatile global economy characterized by unpredictable supply-side shocks. Instead, the bank will discontinue specific future interest rate promises in favor of framework guidance, where policy decisions will be driven directly by incoming data rather than predetermined commitments.
Lastly, we also need to track the price momentum of the EURODOLLAR.
TECHNICALS
Source: ACY
Its current momentum is providing bullish sentiment as it approaches a key resistance region.
Resistance Level
25680 a breach on this region would signal a bullish trend
Support Levels at 25058 and 24872 respectively providing a foundation for the current move and based from 2H chart.
The price is interacting with the upper band of Bollinger Band and supported by the 20-Expenontial Moving Average 24965.68 suggesting short-term momentum.
Relative Strength Index is currently at 64.97 showing bullish without having entered the overbought region leaving space for potential further uptrend.
Moving Average Converge Divergence shows the blue signal crosses above the orange and histogram shifting positive. This crossover is a classic bullish momentum signal and reinforcing positive outlook based as viewed from the main chart.
PRICES FOR H12026
MARCH LOW 21860
MAY HIGH 25443
Conclusion & The ACY Edge
Viewed as bullish and must watch the 25680 level with a clean break on it would continue a current uptrend.
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