The German index initially fell but found enough support at the €10,100 level to turn things back around and form a hammer on Wednesday. With this, we
The German index initially fell but found enough support at the €10,100 level to turn things back around and form a hammer on Wednesday. With this, we feel the market continues to go higher, but keep in mind that there is a lot of noise between here and the €10,500 handle, meaning that we will more than likely continue to grind higher, and not necessarily take off. We are looking to buy short-term pullbacks for short-term gains in this market and have no interest whatsoever in selling as it looks like the buyers are starting to take over 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.
