The DAX fell initially during the session on Friday, but turned back around to form a hammer. The hammer of course is a bullish sign, and we believe
The DAX fell initially during the session on Friday, but turned back around to form a hammer. The hammer of course is a bullish sign, and we believe ultimately that the DAX is going higher. We believe that sooner or later we will break out and head towards the €11,000 level and beyond. Pullbacks should continue to offer buying opportunities as the €10,500 level should essentially be the “floor” in this market as we gapped above that level several sessions ago and should continue to see buying interest in that general vicinity going forward.
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.
