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DAX Forecast February 15, 2017, Technical Analysis

By:
Christopher Lewis
Updated: Feb 15, 2017, 11:26 UTC

The DAX went back and forth on Tuesday, as we have seen quite a bit of volatility during the day. However, I think that the most important thing to pay

Dax daily chart, February 15, 2017

The DAX went back and forth on Tuesday, as we have seen quite a bit of volatility during the day. However, I think that the most important thing to pay attention to is the €11,650 level. That’s an area that is the “floor” of this market, and I believe that if we reach towards that area that should be an opportunity for buyers to take advantage of value. If we can break above the top of the range for the Monday session, we should continue to reach towards the highs again. Selling isn’t even a thought.

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About the Author

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.

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