The DAX fell slightly during the course of the session on Wednesday, showing signs of weakness yet again. However, there is a significant amount of
The DAX fell slightly during the course of the session on Wednesday, showing signs of weakness yet again. However, there is a significant amount of support just below, somewhere near the €9800 level. There’s also support at the €9500 level as well, so with that being the case it is very likely that sooner or later buyers will get involved. However, we do not have the daily candle to suggest that we should start buying yet, and therefore we are simply sitting on the sidelines and waiting for reason enough to get involved.
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.
