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DAX Forecast March 21, 2017, Technical Analysis

By:
Christopher Lewis
Updated: Mar 21, 2017, 04:56 UTC

The German index fell slightly during the day on Monday, but found enough support at the €12,000 level to turn around and bounce again. I believe there

Dax daily chart, March 21, 2017

The German index fell slightly during the day on Monday, but found enough support at the €12,000 level to turn around and bounce again. I believe there should be plenty of support in that area, so therefore I have an interest in buying this market every time it dips. Given enough time, I feel that the market will then reach towards the €12,200 level, and then possibly even break out above there. I have no interest in selling, the DAX has been strong and should continue to be so. Selling is an even a thought.

DAX Video 21.3.17

About the Author

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.

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