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
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.
