German DAX (DE30) drops almost 1.3% today, following a downbeat Asian session. While declines on the Chinese stock exchanges were much deeper today, DAX is one of the worst performing European indices during the first hour of the cash trading. Index dropped below the low from February 10 and trades at the lowest level since February 2. DE30 is testing support at 13,800 pts and 50-session moving average can be found slightly below it. In case DE30 finishes the day at current levels, a bearish engulfing pattern would surface on the chart. On the other hand, breaking back above the 38.2% retracement in 13,850 pts area could hint at buyers remaining in play.
DE30 trades over 1% lower today and is testing support in the 13,800 pts area. Source: xStation5
📊Daily Summary: Tech sector drives Wall Street rebound, DAX leads in Europe
AI trade turns a corner
US Open: Nasdaq 100 rises nearly 2% as CoreWeave and Nvidia rebound 📈 EURUSD hits its lowest level since May 12, 2026
Market wrap: Siemens Energy gains 9% after earnings 📈 European earnings season in focus
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.