The German index rose during the course of the day on Friday, testing the €8850 handle. If we can get above the €8900 level however, that would be a very
The German index rose during the course of the day on Friday, testing the €8850 handle. If we can get above the €8900 level however, that would be a very positive sign on both the weekly and daily charts, giving is reason enough to start buying again. We think that the hammer from the Thursday session is of course a very good sign, and as a result we do think that eventually this market will start edging higher again. With that, we don’t really have any interest in selling until we get below the bottom of the hammer from the Thursday session.
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.
