The German index fell on Monday, testing the €11,500 level. That’s an area that should be rather supportive. We have gapped above here previously, so it suggests that the buyers should return. A supportive candle is reason enough to go long, and I believe that we will then reach towards the €12,000 level. Even if we do break down a bit, I think there is a massive amount of support extending all the way down to the €11,400 level underneath. With this, I remain very bullish of the DAX, and look at this pullback as potential value that I can take advantage of.
DAX forecast for the week of March 27, 2017, Technical Analysis
DAX Forecast March 27, 2017, Technical Analysis
European Shares Edges Lower Despite Robust PMI Reports
DAX Index Daily Fundamental Forecast – March 24, 2017