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.
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.
