The DAX broke above the €9800 level during the session on Thursday, but turned back around and smashed into the €9650 level below. That area has been
The DAX broke above the €9800 level during the session on Thursday, but turned back around and smashed into the €9650 level below. That area has been resistive recently, so it should end up being supportive. With that, we are more than willing to start buying the DAX again on a supportive candle in this region, but don’t have it yet. If we do get that supportive candle, we feel that this market goes to the €9800 level without too many issues, and then ultimately should breakout and head to the €10,000 level which is our longer-term target.
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.
