The DAX as you can see fell slightly during the session on Monday, as we continue to bounce around and consolidate below the €11,000 handle. With that,
The DAX as you can see fell slightly during the session on Monday, as we continue to bounce around and consolidate below the €11,000 handle. With that, the market should sooner or later have buyers step back into it as we continue the upward pressure. Overall, if we can get above the €11,000 level, we feel that this market should continue to go much higher, and added a bit of a “buy-and-hold” type of situation in the DAX. Regardless, we have no interest in selling this market as it is one of the strongest performing markets in Europe.
DAX Forecast February 17, 2015, Technical Analysis
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.
