The DAX gapped lower at the open on Wednesday, but found enough pressure to test the €11,000 level again. Ultimately, we formed a somewhat soft looking
The DAX gapped lower at the open on Wednesday, but found enough pressure to test the €11,000 level again. Ultimately, we formed a somewhat soft looking candle, but quite frankly with the €10,800 level below being the top of a supportive, I simply look at any pullback at this point in time as a buying opportunity. Eventually though, we will break above the €11,000 level on a daily close, and then we begin the “buy-and-hold” type of market that I am hoping to see between now and the end of the year. I have no interest in selling Germany at the moment.
DAX Forecast November 19, 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.
