The DAX gapped slightly higher at the open on Friday, but then turned back around to form a relatively neutral candle. With this, we believe that the
The DAX gapped slightly higher at the open on Friday, but then turned back around to form a relatively neutral candle. With this, we believe that the market will eventually go higher though, and a break above the top of the range for the session on Friday is reason enough to start going long. We believe at that point in time the market will break above the gap that extends all the way to the €11,300 level, and then reach towards the €11,600 level which had been resistive previously, and with this we remain very bullish.
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.
