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.
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.
