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.
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.
