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
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.
