On Thursday, the DAX fell again, as we continue to consolidate just above the €11,500 level. There is quite a bit in the way of support all the way down
On Thursday, the DAX fell again, as we continue to consolidate just above the €11,500 level. There is quite a bit in the way of support all the way down to the €11,400 level underneath, so having said that I believe it’s only matter time before the buyers get involved. I think that buying in this general vicinity could be a value play, because longer-term it looks as if we will be going higher anyway. Because of this, I have no interest in selling, and believe that eventually the buyers will return to the DAX.
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.
