DAX 40
BullishArchived analysis from Aug 28, 2026, 1:23 PM
Key insight
26,000 breakout holds for third consecutive week; next technical resistance at 27,000 round number. Sell-off in oil (-1.2%) eases input-cost pressure for German industrials. EUR/USD 1.1645 caps export tailwind but ECB pivot expectations underpin equity multiples.
26,526 holds above the 26,000 round-number breakout — ATH territory confirmed, with CAC +1.1% and broad European bid supporting further upside into month-end.
Main risk
EUR/USD strength vs. export earnings
EUR/USD at 1.1645 compresses DAX export-earner margins — a break above 1.18 would force earnings estimate cuts for auto and chemical heavyweights.
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