The DAX as you can see gapped lower at the open on Wednesday. We broke down through the €11,000 level, so we feel that the DAX will probably continue to
The DAX as you can see gapped lower at the open on Wednesday. We broke down through the €11,000 level, so we feel that the DAX will probably continue to go a little bit lower. However, it’s probably only a matter of time before the buyers come back into this marketplace. We believe the supportive candle continues to get people involved, as the DAX is without a doubt one of the more reliable performers out of the European Union. The Euro gained drastically during the session, so this is probably a bit of a reaction to currency moves more than anything else.
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.
