DAX Index Wave Analysis

According to technical wave analysis by FxPro, the DAX Index has recently completed a bullish reversal from a crucial support zone around the 25900.00 level. This key price area previously served as strong resistance in July before reversing price action throughout August, reinforcing its technical significance. The rebound coincided with the lower daily Bollinger Band and aligned precisely with the 61.8% Fibonacci retracement level of the broader upward impulse originating in July. The upward bounce from 25900.00 has effectively halted the short-term corrective pullback observed toward the end of August. Supported by an intact broader daily uptrend, technical indicators point toward sustained bullish momentum. Market analysts project the DAX Index to continue its upward trajectory, targeting the next key technical resistance level at 26500.00 in the near term.