The German index initially fell during the course of the day on Tuesday, but found enough support near the €10,100 level to turn things back around and
The German index initially fell during the course of the day on Tuesday, but found enough support near the €10,100 level to turn things back around and form a bit of a hammer. With this, looks like the market is ready to go higher, but it is going to be a bit of a fight to go higher over the longer term. It doesn’t mean that we are willing to sell, quite the opposite. We are buyers but we recognize that it is going to be a lot of back and forth type of action on the way to the €10,500 level.
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.
