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.
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.
