The DAX initially fell during the course of the day on Thursday, but found enough support near the €10,100 level to turn things around and form a rather
The DAX initially fell during the course of the day on Thursday, but found enough support near the €10,100 level to turn things around and form a rather supportive looking hammer. This of course is a very bullish sign, and a break above the top of the hammer should send this market looking for the €10,500 level, and then higher than that. The market has recently broken out above the €10,000 level, and we now have pulled back to find support. With this, it’s very likely that the buyers will take over soon.
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.
