The DAX broke higher during the course of the day on Monday, clearing the top of the shooting star from Friday. Because of this, we believe that the
The DAX broke higher during the course of the day on Monday, clearing the top of the shooting star from Friday. Because of this, we believe that the German index will continue to climb, perhaps reaching as high as €11,600 in the short-term. We also believe the pullbacks should offer buying opportunities in what is an obvious rally at this point in time. If we can get above the aforementioned €11,600 level, we feel the market could go much, much higher. We noticed in selling and believe that pullbacks will find plenty of buying pressure below.
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.
