The DAX initially fell during the course of the day on Thursday, but found enough support near the €10,100 level to turn things around and form a rather
The DAX initially fell during the course of the day on Thursday, but found enough support near the €10,100 level to turn things around and form a rather supportive looking hammer. This of course is a very bullish sign, and a break above the top of the hammer should send this market looking for the €10,500 level, and then higher than that. The market has recently broken out above the €10,000 level, and we now have pulled back to find support. With this, it’s very likely that the buyers will take over soon.
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
