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.
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.
