The DAX initially gapped lower at the open on Tuesday, as the German market continues to show leadership in Europe. It appears that the €11,000 level
The DAX initially gapped lower at the open on Tuesday, as the German market continues to show leadership in Europe. It appears that the €11,000 level above offers significant resistance, but we do think that we eventually got above there. Once we get above there, we are free to go to the €11,250 level, and then possibly higher than that. Pullbacks at this point in time should have plenty of support, as we continue to see buyers near the €10,700 level. We have no interest in selling this market as there is so much of a massive amount of bullishness from the gap at the €10,500 handle.
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.
