The German index gapped lower at the open on Wednesday, but then went back and forth to test a couple of different areas. We closed just below the €10,000
The German index gapped lower at the open on Wednesday, but then went back and forth to test a couple of different areas. We closed just below the €10,000 level, so we think that the market is trying to find a bit of support. If we can get above the €10,200 level, we would be buyers at that point. Pullbacks at this point in time have no interest for us as the volatility will be extreme in our opinion. We are just simply waiting for this market to continue to go higher over the longer term.
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.
