The DAX as you can see initially tried to rally during the course of the day on Wednesday, but found €9500 to be a bit too rich for the market, and as a
The DAX as you can see initially tried to rally during the course of the day on Wednesday, but found €9500 to be a bit too rich for the market, and as a result the market pullback and fell to the €9350 level for bouncing slightly. The resulting candle is a bit of a shooting star, but we feel that the market still is well supported below. We are waiting to see some type of supportive candle or a break above the €9500 level on a daily close in order to start buying the DAX again.
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.
