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.
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.
