The DAX had a negative week over the last several sessions, but we still sit above the top of the supportive level at the €11,200 level. With that, the
The DAX had a negative week over the last several sessions, but we still sit above the top of the supportive level at the €11,200 level. With that, the market looks as if it cannot be sold yet, but we do not have a supportive candle that has us buying either. Even if we broke down below the €11,200 level, we think that there is plenty support all the way down to the €10,000 level, and we would have to be patient enough to wait for the supportive candle to start buying.
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.
