The DAX as you can see went back and forth during the course of the session on Monday, showing quite a bit of volatility. We believe that the DAX does
The DAX as you can see went back and forth during the course of the session on Monday, showing quite a bit of volatility. We believe that the DAX does have quite a bit of buying interest just below though, so we are waiting to see if we get a supportive candle on short-term charts in order to go long. We have no interest whatsoever in shorting this market, because we see so much in the way of support just below. With this, we are bullish but also very cautious about jumping into the marketplace at this point in time.
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.
