The DAX had a fairly quiet session during the day on Wednesday, as we continue to bounce around just below the €10,600 level. Nonetheless, I believe that
The DAX had a fairly quiet session during the day on Wednesday, as we continue to bounce around just below the €10,600 level. Nonetheless, I believe that there is plenty of bullish pressure underneath and therefore the support should hold all. I have no interest in selling this market, and look at pullbacks as potential “value” in what I believe is going to be one of the stronger European indices going forward. I have no interest in selling, at least not until we break down below the psychologically significant €10,000 level which is a long way away.
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.
