The DAX gapped are at the open on Wednesday, testing the €9850 level for support. This area is just above the vital €9800 level, which of course is the
The DAX gapped are at the open on Wednesday, testing the €9850 level for support. This area is just above the vital €9800 level, which of course is the site of a significant gap previously. This gap should continue to support the market, and on a move above the top of the range for the Wednesday session, we believe that this market will head back towards the top of the consolidation area and aiming for €10,000. A move above the €10,500 level sends this market going much higher, extending to the next leg higher.
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.
