The DAX went back and forth during the day on Thursday, with a bit of a negative tone. The €11,000 level above is resistive, so as a result we need to get
The DAX went back and forth during the day on Thursday, with a bit of a negative tone. The €11,000 level above is resistive, so as a result we need to get above there before we can buying this market for a longer-term move. However, we do recognize that there is a quite a bit of support below, extending all the way down to the €10,500 level based upon the gap that had formed. Some type of supportive candle in that area should be the catalyst for us to start buying again, we will simply have to be patient and wait for that to occur.
DAX Forecast November 13, 2015, Technical Analysis
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.
