The DAX rose during session on Friday, after initially dipping to the €9275 level. That level offered enough buying pressure to push the market back above
The DAX rose during session on Friday, after initially dipping to the €9275 level. That level offered enough buying pressure to push the market back above the €9400 level. However, we have a gap that still needs to be filled all the way to the €9450 level. Once we get over there, we feel that this market is free to head to the €9700 level, and we think that it is eventually what will happen. Pullbacks at this point in time should in the being buying opportunities as the DAX continues to be positive overall.
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.
