The German index fell during the week, closing at the €9350 level. There is a significant amount of support below though, so we are not looking to sell
The German index fell during the week, closing at the €9350 level. There is a significant amount of support below though, so we are not looking to sell this market, rather we are looking for some type of supportive candle in order to start buying again. Quite frankly, we feel that this market is going to have a hard time going below the €9000 level, so in that environment we remain bullish but are willing to wait for the market to come back to lower levels in order to find support.
DAX forecast for the week of March 10, 2014, Technical Analysis
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.
