DAX 40

Bullish

Archived analysis from Sep 4, 2026, 1:23 PM

Key insight

26,000 acting as live support — break above 26,200 (Aug swing high) opens 26,500 next. Gold -1.9% and BTC -2.6% signal risk-off rotation, but DAX's +0.3% divergence favours European equities near term.

26,087 holds above the 26,000 round-number base; DAX outperforms FTSE and CAC on the day, confirming relative strength even as US futures drift and gold sells off hard.

Main risk

EUR/USD weakness accelerating

EUR/USD at 1.1600 (-0.2%) — sustained slide below 1.1550 squeezes ECB room and hits export-sector earnings estimates.

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