DAX 40

Neutral

Archived analysis from Sep 2, 2026, 1:51 PM

Key insight

26,000 capping near-term upside — break above with volume targets the 2026 all-time high zone near 26,500; failure risks a pullback toward the 50-day MA at 25,400.

Stalls at 25,860 — 0.35% slip as EUR/USD holds 1.1579, weighing on exporters; index consolidates below the 26,000 round-number ceiling after a strong H1 2026 run.

Main risk

EUR/USD strength crushing exports

EUR/USD at 1.1579 compresses DAX export earnings; every 5-cent EUR rise historically trims index EPS ~4%, threatening the 25,600 support floor.

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