The DAX fell during the session on Thursday, but found the €9600 level to be supportive enough to stop and there. This area should continue to be
The DAX fell during the session on Thursday, but found the €9600 level to be supportive enough to stop and there. This area should continue to be supportive, and therefore we are looking for some type of supportive candle to start buying. Until then, we will simply wait. Nonetheless, we believe there is plenty of support all the way down to €9000, so he the way we are simply looking for the right supportive candle in order to take advantage of the longer-term uptrend, and have no interest in selling in Germany anytime soon.
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.
