The DAX as you can see went back and forth during the session on Tuesday, as the market continues to be very range bound. With that being the case, we
The DAX as you can see went back and forth during the session on Tuesday, as the market continues to be very range bound. With that being the case, we feel that the market still has plenty of bullish momentum underneath it, but we need to break the top of the range for the session on Tuesday in order to start buying. At that point time, we would test the €9800 level, and then ultimately the €10,000 level for a longer-term trade. Selling isn’t anything there were interested and at the moment, as there is plenty of support just below.
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.
