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.
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.
