The DAX fell massively during the course of the session on Monday, crashing into the €10,400 level to test the support. I think there is plenty of support
The DAX fell massively during the course of the session on Monday, crashing into the €10,400 level to test the support. I think there is plenty of support just below though, so at this point in time I feel it’s only a matter of time before the buyers get involved. With that, I would be very hesitant to sell, although it certainly looks as if the sellers are in control at the moment. A supportive candle is reason enough to start buying again, but at this point in time we do not have it obviously.
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.
