The DAX fell significantly during the course of the week, but we see quite a bit of support just below. The €10,000 level is just below, and that of
The DAX fell significantly during the course of the week, but we see quite a bit of support just below. The €10,000 level is just below, and that of course was massive resistance previously. In fact, we have not come back to this area in order to start testing for support as it typically happens after he break out. With this, we are buyers on supportive candles closer to the €10,000 handle. We have no interest in selling as it would simply be chasing the trade at this point in time.
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.
