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.
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.
