The DAX as you can see fell hard during the course of the week, closing at the very lows in the form of the €9125. The DAX was closed on Friday, so we did
The DAX as you can see fell hard during the course of the week, closing at the very lows in the form of the €9125. The DAX was closed on Friday, so we did not get any action from them session, and we believe that there is a significant amount of support near the €9000 level below, an area that needs to be broken in order for us to be short of the DAX longer-term. On the other hand, if we get some type of supportive candle in this region, we would be buyers as if we are so close to the bottom of a larger consolidation area.
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.
