DAX 40

Neutral

Archived analysis from Aug 21, 2026, 3:31 AM

Key insight

26,000 round number rejected again; hold above 25,800 (50-day MA) keeps bulls in control, but a daily close above 26,050 is needed to confirm continuation toward 26,500.

26,000 capped for a third consecutive session — alltime-high zone acts as resistance while EUR/USD at 1.1697 compresses German export earnings and limits upside momentum.

Main risk

EUR/USD strength above 1.17

EUR/USD at 1.1697 squeezes DAX exporters' margins; sustained break above 1.18 would pressure index toward 25,500 support.

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