The DAX as you can see gapped higher at the open on Friday, testing the €9600 level. By doing so, looks as if we are ready to go higher but we need to get
The DAX as you can see gapped higher at the open on Friday, testing the €9600 level. By doing so, looks as if we are ready to go higher but we need to get above that level in order to start buying. Pullbacks at this point in time should have supportive candles below that we can serve buying, and with that being the case you have to pay attention to Germany because it does tend to lead the rest of Europe. With that being the case, the market should continue to be volatile, but given enough time we do think that the buyers will come back.
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.
