The DAX as you can see gapped a little bit lower and then banged around during the session on Tuesday. The 11,000 level above is offering a bit of
The DAX as you can see gapped a little bit lower and then banged around during the session on Tuesday. The 11,000 level above is offering a bit of resistance, but it does look like we are starting to stabilize in general. With this, we are buyers of the DAX at this point in time, especially if we can break above the €11,000 level. We believe that the gap above will continue to attract buyers, meaning that we should fill that gap and head to the €11,300 handle over the next several sessions. We have no interest whatsoever in selling the DAX at this moment.
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.
