The DAX as you can see rose during the course of the day on Monday, but did not break out to a fresh high. Because the German GDP numbers come out today,
The DAX as you can see rose during the course of the day on Monday, but did not break out to a fresh high. Because the German GDP numbers come out today, it is likely that we will see some type of volatility. However, a pullback in this market should offer value and a potential buying opportunity going forward. If we get supportive candles below, we would be more than willing to start buying. On the other hand, if we break above the €9850 level, it appears that the market will continue to go as high as €10,000.
DAX Forecast November 25, 2014, 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.
