The DAX rally during the session on Friday, as we continue to find support just below. The 11,500 level is acting as a “floor” in this market, so every
The DAX rally during the session on Friday, as we continue to find support just below. The 11,500 level is acting as a “floor” in this market, so every time we pullback I feel it’s only matter of time before we go higher. I buy dips, and expect that we will break out and reach towards the €12,000 level next. I also recognize that even below the €11,500 level there is a significant amount of support, especially at the €11,400 level. If the Euro starts to fall again, that should only turbocharge the move higher.
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.
