DAX Tests 24,000 Support as Rising Yields Drive Weekly Downside

The DAX (Germany 40) is testing critical support at 24,000 euros amid a tough week pressured by surging global yields and Middle East uncertainty. Following yesterday's Elliott Wave analysis confirming a corrective five-wave decline below the impulsive channel, targeting the 23,000–23,600 support zone with an unfilled gap at 23,180, the index now eyes a potential break toward the 50-week EMA at 23,578 and 23,000. German 10-year yields near 3.14% and U.S. 10-year above 4.5% amplify downside risks, urging caution until geopolitical clarity emerges.