The DAX went back and forth during the course of the session on Thursday, showing resistance near the €11,000 level, and showing significant support near
The DAX went back and forth during the course of the session on Thursday, showing resistance near the €11,000 level, and showing significant support near the €10,800 level. With this, we feel the market is essentially waiting to find enough buying pressure to break out above the vital €11,000 handle, which should send this market looking for the €11,300 level as well. With this being the case, we are essentially waiting for some type supportive candle or an impulsive move higher in order to start going long of this market yet again. We have no interest in selling.
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.
