The DAX index has achieved a significant milestone, with its seventh consecutive day of record-breaking performance. On Friday, the German benchmark closed at 20,385, reflecting a daily gain of 0.1% and setting a new all-time high on a closing price basis.

Earlier in the day, the index reached an intraday peak of 20,426, supported by positive labor market data from the United States. Over the past week, the DAX has surged by 3.9%, and since the upward trend began on November 28, it has gained 5.8%. Analysts suggest that while the DAX struggled to maintain the 20,400 mark at Friday's close, further gains could establish a minor hurdle at the current record high. If the index continues to rise, it may encounter technical resistance near the 20,500 area.

On the other hand, if the DAX fails to rebound after closing the gap from last Wednesday, it could test the 20,000 threshold. A close below this level may lead to a decline towards the October high of 19,675, with additional support expected at the September high of 19,492 and the GD50 at 19,379.