The German index fell a bit during the day on Thursday, as we should reach towards the €11,650 level which has so much in the way of support. I have no
The German index fell a bit during the day on Thursday, as we should reach towards the €11,650 level which has so much in the way of support. I have no interest in selling, this is a market that should continue to go higher so I’m simply going to sit on the sideline and wait for an opportunity to go long. On a break above the recent high, the market should then go to the €12,000 level, and perhaps even higher than that. I believe longer-term the DAX continues to show quite a bit of longer-term strength and is not able to be sold.
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.
