The German index rose during the week, after initially dropping down to the €8600 level. The hammer that had formed from the previous week of course was a
The German index rose during the week, after initially dropping down to the €8600 level. The hammer that had formed from the previous week of course was a good sign that we were going to see some buying pressure step into the marketplace, and we did in fact have that happen. If we can break above the top of this candle, which is essentially the €9100 level, we would be buyers of this market as we should then head to the €10,000 level. We don’t have any interest in selling this market at the moment.
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.
