Development of the DAX After a False Breakout
After a short-term false breakout at the record highs, the DAX currently shows a slight downward movement, but without clear signals for a sustainable downward trend.
In early July 2025, the DAX reached new record levels of around 24,480 to 24,640 points, thereby surpassing its previous highs from June. This rally was supported in part by hopes for a trade agreement between the EU and the USA, as well as capital inflows from the USA to Europe.
Stability Despite Downward Movement
On July 10, the index did slip slightly from its record level and recorded a small loss, but overall market sentiment remains stable with a calming of the volatility index VDAX to about 17.67 percent. The DAX managed to hold important supports around 24,120 points and just below at around 24,000 points, which is currently considered stabilizing.
What This Means for Investors
For private investors, this means: Despite a short-term false breakout to the upside, the fundamental upward momentum has not been broken. However, a sustained fall below important support levels could initiate a correction, whereas exceeding further price targets of about 24,960 points signals additional upward potential.
Conclusion: After the false breakout, the DAX currently tends slightly downward but remains in an intact upward trend with solid supports in the range of approximately 24,000 to 24,120 points. Therefore, private investors should consider possible hedges as well as look for confirmations for a continuation of the rally.
This assessment takes into account the recent price developments up to the status of July 2025 and the current market situation, including geopolitical factors such as US tariffs and trade talks between the EU and the USA.