The DAX went back and forth during the course of the session on Friday, but most importantly found support at the €10,200 level. The gap that had formed a
The DAX went back and forth during the course of the session on Friday, but most importantly found support at the €10,200 level. The gap that had formed a couple of sessions ago proved itself to be resilience in this market, and as a result we are more than likely going to continue to go higher. On a move above the €10,400 level, we feel that this market probably reaches towards the €11,000 level given enough time. Pullbacks at this point in time should continue to bring buying opportunities into the market, as the buyers seem to have taken control again.
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.
