The German index fell initially during the day on Tuesday, but found enough support near the 12,000 handle to turn things around and form a positive
The German index fell initially during the day on Tuesday, but found enough support near the 12,000 handle to turn things around and form a positive candle again. Because of this, the market should find plenty of support underneath. I believe that the market will then reach towards the 12,200 level above. I think a break above there is inevitable, as we have such a steady and reliable uptrend going at the moment. Ultimately, I think we will continue to be in more or less a “buy-and-hold” type of situation. I have no interest in selling this market.
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.
