DAX 40
BullishArchived analysis from Aug 26, 2026, 1:38 PM
Key insight
26,000 breakout confirmed — next technical target is 27,000 round number. Bull thesis holds while index trades above 200-day MA near 24,800. EUR strength at 1.1656 is the key headwind to watch for export-heavy DAX components.
Holds 26,364 at all-time-high territory; four-day rally confirms breakout above 26,000 round number and 2025 peak. EUR/USD at 1.1656 caps export earnings but ECB easing cycle keeps domestic liquidity supportive.
Main risk
EUR/USD strength above 1.16
EUR/USD at 1.1656 compresses margins for DAX exporters — Volkswagen, BASF, Siemens all guided FX sensitivity at ~1.10 base.
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