The DAX initially tried to rally during the course of the day on Thursday, but turn right back around to form a bit of a shooting star. There is quite a
The DAX initially tried to rally during the course of the day on Thursday, but turn right back around to form a bit of a shooting star. There is quite a bit of resistance above, extending all the way to the €10,000 level. On the other hand, if we break down below the bottom of the shooting star and more importantly the €9800 level, we could very well find this market dropping down to the €9500 level. However, with today being Nonfarm Payroll Friday, it is also possible that we do very little in anticipation of that announcement.
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.
