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
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
