The DAX broke higher during the day on Monday, as we continue to try to grind above the 10,800 level. A break above there would be very bullish sign, and
The DAX broke higher during the day on Monday, as we continue to try to grind above the 10,800 level. A break above there would be very bullish sign, and should send the market much higher. I believe the pullbacks will continue to offer a bit of value that traders will continue to reach towards. I believe given enough time we will not only break above the resistance overhead, but reach towards the €11,000 level. The Euro has gotten a little bit of a bounce during the day on Monday, but ultimately I think that the devalued currency will continue to help European indices overall.
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.
