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.
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.
