The German market fell during the course of the day on Tuesday as all European indices did. However, there is a significant amount of support just below
The German market fell during the course of the day on Tuesday as all European indices did. However, there is a significant amount of support just below and as a result we feel that the market should continue to find buyers. We have no interest in selling, quite frankly the DAX is too well supported overall. We believe that somewhere near the €11,500 level there should be plenty of buyers to keep this market going higher over the longer term. We are simply going to wait to see some type of supportive candle in order to start buying.
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.
