The DAX had a positive session on Tuesday, testing the €8900 level. We did not get above there though, so it is not until we break out above there that we
The DAX had a positive session on Tuesday, testing the €8900 level. We did not get above there though, so it is not until we break out above there that we are comfortable buying the DAX. However, it does look like the market has formed a nice strong base from which to rise, so therefore we have absolutely no interest in selling. Because of that, the market then has the ability to go much higher, and we believe ultimately will test the €10,000 level given enough time. We see massively supportive action all the way down to the €8350 level.
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.
