The German index initially fell on Friday, but found enough support near the €11,550 level to turn around to form a hammer. The hammer of course suggests
The German index initially fell on Friday, but found enough support near the €11,550 level to turn around to form a hammer. The hammer of course suggests that we are going to go higher, and I believe that the longer-term outlook for this market is very healthy. The following Euro will of course benefit German exports, and I believe that the €11,500 level is massively supportive. Because of this, I believe that every time we pull back it should offer a bit of “value.” Ultimately, I have no interest in selling this market.
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.
