Advertisement
Advertisement

DAX Forecast November 26, 2015, Technical Analysis

By:
Christopher Lewis
Updated: Nov 26, 2015, 05:44 UTC

The DAX broke higher during the course of the session on Wednesday, reaching towards the €11,200 level. Ultimately, this market looks as if it is ready to

DAX Forecast November 26, 2015, Technical Analysis

The DAX broke higher during the course of the session on Wednesday, reaching towards the €11,200 level. Ultimately, this market looks as if it is ready to go much higher, once we clear the aforementioned €11,200 level. Once we see that move, we believe this market then goes to the €11,600 level. Pullbacks should continue to be buying opportunities, as the DAX typically leads the way in the European Union. In fact, we believe there is massive support all the way down to the €10,500 level, so having said that there is no way for us to short this market right now.

 

DAX Forecast November 26, 2015, Technical Analysis
DAX Forecast November 26, 2015, Technical Analysis

About the Author

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.

Did you find this article useful?

Advertisement