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.
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.
