The DAX gapped higher at the open on Thursday, and then turned back around as we ran into a significant amount of resistance above. However, we ultimately
The DAX gapped higher at the open on Thursday, and then turned back around as we ran into a significant amount of resistance above. However, we ultimately should continue to go much higher, but a pullback should also find more and more interest as the longer-term trend seems to be to the upside. We believe that there is more than enough noise below to push higher. If we break above the €11,200 level, we feel that the market then reaches towards the €11,300 level, and then beyond there towards the €11,600 level. We have no interest in selling.
DAX Forecast November 20, 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.
