DAX 40

Bullish

Archived analysis from Aug 25, 2026, 1:22 PM

Key insight

26,000 round number / breakout base is the bull/bear line — hold above it and 27,000 is next structural target; lose it and the 200-day MA near 24,800 comes into view fast.

26,291 holds above the prior ATH breakout zone near 26,000 — trend intact, EUR/USD at 1.1672 a headwind for exporters but S&P 500 at 7,684 provides global risk-on tailwind.

Main risk

EUR/USD strength vs. DAX exporters

EUR/USD at 1.1672 compresses export margins for auto/industrials; sustained above 1.17 raises earnings-cut risk for DAX heavyweights.

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