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.
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.
