The DAX gapped higher at the open on Monday, but turned around to form a bit of an exhaustive candle. I don’t think that it’s an opportunity to serve
The DAX gapped higher at the open on Monday, but turned around to form a bit of an exhaustive candle. I don’t think that it’s an opportunity to serve buying at lower levels, and I believe that the €11,650 level below continues to be supportive. A supportive candle would be an excellent opportunity to go long in a market that should continue to see a move towards the €12,000 level, and even higher given enough time. I believe that the support extends down to at least the €11,500 level also, so quite frankly I have no interest in selling.
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.
