The German index initially trying to rally during the David found enough resistance nearly €12,200 level to turn around for a bit of a shooting star.
The German index initially trying to rally during the David found enough resistance nearly €12,200 level to turn around for a bit of a shooting star. Nonetheless, I still believe there is enough support near the €12,000 level to turn the market back around so I’m looking at this pullback as a potential buying opportunity. Eventually, we will make a fresh, new high, and go much higher. I believe that there is a massive amount of support nearly €11,800 level, and it should essentially be the “floor” going forward. Selling is even a thought.
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.
