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.
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.
