The DAX had a very negative week over the last 5 sessions, but as you can see is still very much in an uptrend. Because of this, we believe that the
The DAX had a very negative week over the last 5 sessions, but as you can see is still very much in an uptrend. Because of this, we believe that the market will find some type of support just below in order to turn things back around. Ultimately, we need to see some type of supportive weekly candle in order to go long, but we do recognize that the summertime is coming to a close, and as a result we should see more money come flowing into the market soon.
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.
