DAX 40
BullishArchived analysis from Nov 9, 2026, 9:24 PM
Key insight
26,444 holds above ATH breakout — next measured resistance at 27,000 round number; momentum strong but Oil -3.8% caps energy names and limits upside breadth short-term.
26,444 clears the prior 2026 all-time high at 24,500 — breakout confirmed with +2.9% surge on broad risk-on; S&P 500 +2.3% and EUR/USD +0.6% provide dual tailwind for export-heavy DAX constituents.
Main risk
EUR/USD strength squeeze on exporters
EUR/USD at 1.1222 (+0.6%) erodes DAX exporters' margins; sustained move above 1.13 would pressure auto and industrial earnings guidance.
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