The German index fell hard on Friday, but does seem to find a bit of support near the €11,700 level. I believe that is only a matter of time before the
The German index fell hard on Friday, but does seem to find a bit of support near the €11,700 level. I believe that is only a matter of time before the buyers get involved and we bounced to continue the longer-term uptrend. The €12,000 level offered a lot of resistance, but that psychological at best. Because of this, I am still bullish of this market and I believe it’s only a matter of time before the buyers get involved every time we dip. These dips should continue to be buying opportunities over the longer term.
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.