The DAX fell down to the €9200 level, but as you can see found enough support below in order to push the market higher. We ended up testing the €9900
The DAX fell down to the €9200 level, but as you can see found enough support below in order to push the market higher. We ended up testing the €9900 level but pulled back slightly from there in order to form a hammer. We need to break above the €10,100 level to get a longer-term buy-and-hold type of signal, and we do think that it’s coming sooner or later. With that, we are bullish but we recognize that we need a little bit of work to be done first before putting any money into this marketplace.
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.
