The DAX went back and forth during the course of the session on Monday, as we tested the €9800 level for support. However, we continue to struggle to stay
The DAX went back and forth during the course of the session on Monday, as we tested the €9800 level for support. However, we continue to struggle to stay above the €10,000 level for any real length of time. With this, we are not interested in trading this market, and as a result we are waiting until we get above the €10,100 level on a daily close to start buying this market. Once we do, we will not hesitate. Pullbacks at this point in time should continue to find buyers for short-term moves, so that is possible were willing to scalp the market.
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
