DAX 40
NeutralArchived analysis from Aug 20, 2026, 8:34 PM
Key insight
26,200 ATH cap versus 25,800 50-day MA floor defines the range. Break of either resolves direction; until then, dip-buyers and sellers are in equilibrium at 25,960.
25,959 holds above the 25,800 50-day MA but stalls below 26,200 all-time high — sideways chop as EUR/USD at 1.1677 and soft German data cap upside.
Main risk
EUR strength / export margin squeeze
EUR/USD at 1.1677 compresses DAX exporters' revenues — every 1% EUR gain cuts ~2% EPS for autos and industrials.
With Pro
Levels, scenarios & outlook are only available in the app — for all analyses, including archived ones.
Get the app→