The DAX as you can see gapped a little bit higher at the open on Tuesday, testing the €9500 level for resistance. If we can get above the €9500 level,
The DAX as you can see gapped a little bit higher at the open on Tuesday, testing the €9500 level for resistance. If we can get above the €9500 level, this market should go higher, heading to the €9700 level next, and then ultimately the €9800 level as we continue to bounce around between €9400 on the bottom, and €9800 on the top. The market is bullish overall though, so even though we are consolidating, we are willing to buy. We have no interest in selling this market, as we believe that there is a significant amount of support below.
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.
