DAX 40

Bullish

Archived analysis from Sep 4, 2026, 8:26 PM

Key insight

26,000 confirmed as new structural floor — rally from 2025 lows stalls here in consolidation; break above 26,200 short-term resistance opens run to 26,800 June swing high.

26,047 holds above the 26,000 round-number support after a multi-month breakout; trend intact with S&P 500 at record 7,714 providing positive risk tone into the weekend.

Main risk

EUR/USD strength compressing exporters

EUR/USD at 1.1613 weighs on DAX export earnings; sustained above 1.17 historically triggers analyst downgrades for auto and industrial names.

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