The German index rally during the day on Monday, breaking above the top of the shooting star from the Friday session. By doing so, the market stretched to
The German index rally during the day on Monday, breaking above the top of the shooting star from the Friday session. By doing so, the market stretched to the upside, and looks very healthy. Because of this, pullback should continue to be a buying opportunity, and I believe it’s only a matter of time before we break out to a fresh, new high. Ultimately, I believe that the €11,650 level should be a bit of a “floor” in the market. The DAX typically leads the rest the European Union higher, so pay attention to other markets as well.
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.
