The DAX as you can see fell during the course of the week, testing the €9500 level. The area should be somewhat supportive, but we also believe that the
The DAX as you can see fell during the course of the week, testing the €9500 level. The area should be somewhat supportive, but we also believe that the €9400 level below is massively supportive also. So having said that we feel that this is a market that you can only buy, and even if we broke down below there you can see that on the longer-term charts the €9000 level is also supportive. So that being the case, we are simply waiting for some type of supportive candle in order to start buying the DAX again.
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.
