The German index ran into a brick wall at the €12,000 level, so it looks as we could get a little bit of a pull back. I believe that it’s only a matter of
The German index ran into a brick wall at the €12,000 level, so it looks as we could get a little bit of a pull back. I believe that it’s only a matter of time before we have that happen, and therefore a buying opportunity underneath should present itself. Given enough time, the market will break above €12,000 and go much higher. I believe that the €11,650 level underneath is supportive, and ultimately this is a market that should continue to be bullish overall. Because of this, I think that the buyers will be attracted again.
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.
