The DAX as you can see gapped higher at the open on Thursday, and then turned back around to try to fill that gap. It didn’t quite get to that point
The DAX as you can see gapped higher at the open on Thursday, and then turned back around to try to fill that gap. It didn’t quite get to that point though, so we may see a little bit more softness in this market. Ultimately though, we feel that there will be enough support to turn this thing back around and start heading to the upside. We are buyers of supportive candles, and we believe that we are going to eventually break above the gap that extends towards the €11,300 level. With this, we have no interest whatsoever 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.
