The DAX went higher during the session on Friday, breaking the top of the shooting star from Thursday. The fact that we reached above the €11,000 level of
The DAX went higher during the session on Friday, breaking the top of the shooting star from Thursday. The fact that we reached above the €11,000 level of course is very significant, as it is a large, round, psychologically significant number. If we can break above the top of the range for the day we feel that the market will then reach towards the €11,300 level as it is the top of the gap that send this market lower. Ultimately, we do believe that we break above there as well, so we are very bullish of the DAX overall.
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.
