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DAX Forecast November 18, 2015, Technical Analysis

By:
Christopher Lewis
Updated: Nov 18, 2015, 05:54 GMT+00:00

The German index gapped higher at the open on Tuesday, reaching towards the €11,000 level. With this being the case, the market looks as if it is ready to

DAX Forecast November 18, 2015, Technical Analysis

The German index gapped higher at the open on Tuesday, reaching towards the €11,000 level. With this being the case, the market looks as if it is ready to break out eventually, and we look at short-term pullbacks as potential buying opportunities. Once we get above the €11,000 level, we feel that the market will then reach towards the €11,800 level given enough time. Selling isn’t even a thought at this point, as Germany typically leads the way for European indices. With the Euro losing value, we believe that it’s only a matter of time before the DAX continues to go higher.

 

DAX Forecast November 18, 2015, Technical Analysis
DAX Forecast November 18, 2015, Technical Analysis

About the Author

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.

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