The DAX fell during the day on Tuesday, breaking through the gap out the €11,000 level. Even though this is a fairly negative sign, the reality is that
The DAX fell during the day on Tuesday, breaking through the gap out the €11,000 level. Even though this is a fairly negative sign, the reality is that there is a live of support between here and €10,500. Because of this, we are waiting to see whether or not we get a supportive candle or at least a bounce that we can start buying again. We do believe in the longer-term viability of the DAX, especially with the Euro losing value the way it has recently. Given enough time, we believe buying opportunities will present themselves on the daily chart.
DAX Forecast November 25, 2015, Technical Analysis
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.
