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.
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.
