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.
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.
