The German index had a negative session on Monday, but continues to find support at the €11,500 handle. Because of this, I believe that the buyers are
The German index had a negative session on Monday, but continues to find support at the €11,500 handle. Because of this, I believe that the buyers are going to return every time we find some type of support of looking candle, and that’s exactly how I am going to trade this market. I believe that the €11,400 level below is massively supportive as well, so it’s only matter of time before the buyers get involved. Because of this, I am a buyer of the DAX and not a seller. Eventually, we will breakout to the upside and 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.
