The German index fell initially during the session on Thursday, but continues to find buyers underneath, so having said that it’s likely that we are going
The German index fell initially during the session on Thursday, but continues to find buyers underneath, so having said that it’s likely that we are going to continue to go higher. Ultimately, this is a market that should continue to go higher, and I believe that the 11,500 level underneath will continue to be massively supportive. This is an uptrend that should continue given enough time, and I believe we are simply trying to build up momentum currently. With this, every time we pull back, buyer of the DAX, as I believe we will eventually reach towards the 12,000 handle.
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.
