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.
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.
