The DAX fell during the course of the session on Wednesday, testing the €10,000 region. There is quite a bit of support all the way down to the €9800
The DAX fell during the course of the session on Wednesday, testing the €10,000 region. There is quite a bit of support all the way down to the €9800 level though, so even if we continue to go little bit lower, we have no real interest in selling. We would rather see some type of supportive candle that we can serve buying, as we continue to see upward pressure from the middle of February. Given enough time, we do think that this market will grind its way much higher, and don’t have any real interest in selling at the moment.
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.
