The DAX went back and forth during the day on Friday after initially gapping lower. Ultimately though, this is a market that has recently broken out to
The DAX went back and forth during the day on Friday after initially gapping lower. Ultimately though, this is a market that has recently broken out to the upside, as we cleared the €11,200 level. We believe that this market has more than enough support below to keep this market going higher, and as a result we are buyers on supportive candles and of course breakouts to the upside. We have an intermediate target of €11,600, and believe that we will go higher than that given enough time. We have no interest whatsoever in selling this market.
DAX Forecast November 30, 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.
