The DAX initially fell during the day on Monday, but found enough support down at the gap turn things back around and form a nice-looking hammer. We
The DAX initially fell during the day on Monday, but found enough support down at the gap turn things back around and form a nice-looking hammer. We believe that this market will continue to attract buyers every time it falls, as the German index is of course one of the better performing indices over the longer term. As money flows back into the European Union, it should flow back into Germany as well. Ultimately, we feel that the buyers will continue to run this market, so therefore we have no interest in selling.
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.
