The German index fell hard during the course of the day on Wednesday, slicing through the €8600 level. However, we think that the real support will be
The German index fell hard during the course of the day on Wednesday, slicing through the €8600 level. However, we think that the real support will be found closer to the €8500 level, so we think short-term selling opportunities will continue to present themselves, but we recognize that the €8500 level could in fact cause a bit of a bounce. On top of that, you have to keep in mind that the DAX tends to be one of the quickest markets to turn around as it is considered to be the “safest” places to invest money.
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.
