The German DAX initially fell during the session on Tuesday but turned around to form a nice-looking hammer. The hammer sits just below the vital €10,800
The German DAX initially fell during the session on Tuesday but turned around to form a nice-looking hammer. The hammer sits just below the vital €10,800 level, so if we can break above there I feel that the market will continue to go higher, as we would more than likely try to reach towards the €11,000 level rather quickly. Pullbacks continue to offer buying opportunities based upon value as far as I can see, and I believe that the buyers will continue to be very aggressive. The falling Euro should continue to support the idea of higher European indices, so I believe that we are going higher.
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.
