The DAX went back and forth during the day on Monday, showing a bit of support. We believe that the market will eventually go higher, reaching towards the
The DAX went back and forth during the day on Monday, showing a bit of support. We believe that the market will eventually go higher, reaching towards the €11,200 level. If we get above there, the market should then reach towards the €11,600 handle next. Pullbacks at this point in time should continue to see plenty of support below, and as a result we have no interest in selling this market going forward. The market seems to have a massive amount of support all the way down to the €10,500 level, so at this point in time we still anticipate bullish momentum.
DAX Forecast November 24, 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.
