The German index fell slightly during the day on Thursday, but was still closed on Monday. That being said, we are testing a significant trend line and a
The German index fell slightly during the day on Thursday, but was still closed on Monday. That being said, we are testing a significant trend line and a certain amount of psychological support at the €12,000 level below. Beyond that, the 50-day exponential moving average is just below that level, so I think it’s only a matter of time before the buyers return. On a bounce or supportive candle or more than willing to buy what has been a rather steady and measured march higher in the German index. I have no interest in shorting currently.
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.
