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.
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.
