The German index fell all the way down to the €11,400 level on Tuesday, but found enough support to turn things around and formed a hammer. A hammer of
The German index fell all the way down to the €11,400 level on Tuesday, but found enough support to turn things around and formed a hammer. A hammer of course is a bullish sign so I feel that a break above the top of the range for the day sends this market looking for the highs again. Once we break above those eyes, I don’t see any reason the DAX won’t be able to reach all the way to the €12,000 handle. I have no interest in selling, and believe that the DAX will lead the way for the rest of the European Union.
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.
