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
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.
