The DAX initially tried to rally during the course of the day on Thursday, but turn right back around to form a bit of a shooting star. There is quite a
The DAX initially tried to rally during the course of the day on Thursday, but turn right back around to form a bit of a shooting star. There is quite a bit of resistance above, extending all the way to the €10,000 level. On the other hand, if we break down below the bottom of the shooting star and more importantly the €9800 level, we could very well find this market dropping down to the €9500 level. However, with today being Nonfarm Payroll Friday, it is also possible that we do very little in anticipation of that announcement.
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.
