The DAX fell during the course of the session on Monday, testing the €10,200 level, but we believe that the real support is even below here, perhaps
The DAX fell during the course of the session on Monday, testing the €10,200 level, but we believe that the real support is even below here, perhaps somewhere close to the €10,000 handle. A supportive candle is reason enough to go long in our opinion, because quite frankly we have already broken out. A pullback should offer “value” in this market, and as a result, buyers will more than likely be attracted to the DAX at that point. Given enough time, we believe that this market grind much higher, and should leave the rest of the European indices to the upside as well.
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.
