The DAX went back and forth after gapping lower on Tuesday, showing that there is a significant amount of support below current levels. We already knew
The DAX went back and forth after gapping lower on Tuesday, showing that there is a significant amount of support below current levels. We already knew this, and have been buying dips so therefore we feel that this could be a potential buying opportunity but recognize that there is a significant fight on our hands at the €11,000 level. A move above there sends this market into a longer-term buy-and-hold situation, which is exactly what we expect eventually. Selling isn’t even a thought, because of the gap down at the €10,500 level we feel there are plenty of buyers below.
DAX Forecast February 18, 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.
