DAX 40

Neutral

Archived analysis from Sep 10, 2026, 8:22 PM

Key insight

25,352 consolidates in a 500-point range; break above 25,800 (June swing high) or below 24,800 (50-day MA) determines next directional leg — neither trigger has fired yet.

25,352 holds above the 50-day MA near 24,800 but stalls below the record high at 26,200 — EUR/USD at 1.1610 compresses export earnings, capping upside despite resilient US equity backdrop.

Main risk

EUR/USD Strength vs. Export Earnings

EUR/USD at 1.1610 squeezes DAX exporters' margins — sustained above 1.15 historically drags index 3-5% over 6-8 weeks.

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