The German index initially fell during the course of the week but found the €9250 level supportive enough to turn things around and drive it back towards
The German index initially fell during the course of the week but found the €9250 level supportive enough to turn things around and drive it back towards the €9800 level. However, there is a bit of noise just above so longer-term traders will probably be a bit just waited from getting long at this point. At this point in time, it’s probably best to trade the DAX from a short-term perspective, as there should be quite a bit of volatility after the results of the referendum in the United Kingdom.
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.
