The DAX broke higher during the course of the day on Monday, climbing above the €10,600 level. Ultimately, this is a market that is trying to break higher
The DAX broke higher during the course of the day on Monday, climbing above the €10,600 level. Ultimately, this is a market that is trying to break higher over the longer term, perhaps reaching towards the €10,800 level and eventually breaking above there. I believe that the German ZEW numbers coming out today stronger than the anticipated 4.9 for the month of October the catalyst to continue to the upside. I have no interest whatsoever in selling this market, as I believe there is more than enough support below to keep this market afloat.
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.
